'I will be watching carefully': Elizabeth Warren just put the Treasury Department and Federal Reserve on notice about the $500 billion corporate bailout fund
Democratic presidential candidate Sen. Elizabeth Warren, D-Mass., speaks during the 2019 California Democratic Party State Organizing Convention in San Francisco, Saturday, June 1, 2019.Warren sent a letter to Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell on Tuesday, pressing them to ensure stimulus money for corporations is responsibly used.
"The legislation gives you the authority to fill this gap: it gives you extraordinary powers to make discretionary decisions about the recipients of this huge bailout for big corporations, and the terms and conditions under which they receive aid," Warren said in the letter. She urged Mnuchin to reject aid for companies that have "long records of financial mismanagement or lawbreaking."
Then the senator from Massachusetts issued a warning: "I will be watching carefully as you hand out these funds."
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