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White House Open to Loosening Rules for State and Local Aid Funds, Mnuchin Says
Route Fifty: The Trump administration is open to granting states, counties and cities more flexibility in how they can use $139 billion in previously approved coronavirus relief funding, Treasury Secretary Steven Mnuchin said on Tuesday.
“If there is bipartisan support for this and the money has already been allocated, that is something that I assume we'd very seriously go along with,” Mnuchin said during testimony before the Senate Banking Committee, in response to a question about allowing states to use the money to fill budget shortfalls caused by the virus-driven economic slump and the massive dent it has put in state and local tax revenues.
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