Undermining that authority could mean less lending to Main Street businesses, higher unemployment and greater economic pain across the nation.The Fed programs at issue provided loans to small and mid-sized businesses and bought state and local government bonds, making it easier for those governments to borrow, at a time when their finances are under pressure from the pandemic. __AP Economics Writer Christopher Rugaber contributed. It also includes $600 direct payments to individuals; vaccine distribution funds and money for renters, schools, the Postal Service and people needing food aid. $600 is not enough." Conservatives are raising alarm about new spending.
Copyright 2018 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. This information is not meant to be released by the Associated Press. It is only approved by the Federal Board of Authority. No targets were awarded for this money.
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Copyright 2018 Associated Press . All rights reserved . This material may not be published , broadcast , rewritten or redistributed . This information is not meant to be released by the Associated Press . It is only approved by the Federal Board of Authority . No targets were awarded for this money .
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