Forbes Dec. 17, 2020

Here’s Why Congressional Watchdogs Want To Investigate Mnuchin’s Decision To Cancel Emergency Fed Programs

Topline

Two Democratic appointees to the Congressional Oversight Commission are asking for a formal investigation into Treasury Secretary Steven Mnuchin’s controversial decision to terminate a handful of Federal Reserve emergency lending programs credited with cushioning the economy in the early days of the pandemic, arguing that he may have axed the facilities too soon without proper input from lawyers in the wake of President Trump’s election loss.