Filed Under: Congress
News, analysis, and data about the bailout.
Federal watchdog probes Ted Cruz’s oil bailout lobbying
After a Wall Street Journal investigation citing BailoutWatch, the Inspector General overseeing CARES Act bailouts has subpoenaed Cruz’s office about his efforts to expand bailouts for oil and gas.
SIGPR: Quarterly Report to Congress
In its quarterly report to Congress, SIGPR reports the dollar amount of loans that have thus far been issued under pandemic recovery programs through the Fed and Treasury, and makes two administrative recommendations.
SIGPR: Initial Report to Congress
In its first report to Congress, the office of the Special Inspector General for Pandemic Recovery details its activities, interpreted jurisdiction and two recommendations.
House Natural Resources Committee: Dirty Deals
Committee staff detail the major damage done to the environment, economy, and energy supply of the United States during the four years of the Trump administration.
Select Subcommittee on the Coronavirus Crisis: Prioritizing Wall Street
Subcommittee staff found that the beneficiaries of the Fed's bond purchases during the pandemic have mostly benefitted corporate executives and investors, instead of workers.
Brookings: How Biden and Congress can use COVID-related corporate stimulus to boost climate resilience
Brookings arges that the U.S. should use pandemic recovery funds to incentivize corporations to better confront their own climate risk exposure.
Bailed-out, bankrupt oil firms pay millions in executive bonuses while laying off workers
Sen. Ted Cruz and other champions of fossil fuel bailouts said sending government funds to fossil fuels would protect workers. But the companies are giving executives bonuses, slashing jobs, and forcing investor losses in court.
Time for America to finally take on Big Oil, Oil executives have mixed expectations for 2021, and More
Weekly news headlines about the stimulus and recovery from Jan 8, 2021.
Republican bid to end virus lending slows relief deal, Fed joins climate network, and more
Weekly news headlines about the stimulus and recovery from Dec 18, 2020.