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Treasury Secretary: Federal Government Won’t Bail out ‘Mismanaged’ States
Epoch Times ^ | 04/29/2020 | Zachary Steiber

Posted on 04/29/2020 11:42:58 AM PDT by SeekAndFind

The federal funds being sent to states to help deal with the COVID-19 pandemic shouldn’t be used on matters unrelated to the pandemic, Treasury Secretary Steven Mnuchin said.

COVID-19 is a disease caused by the CCP (Chinese Communist Party) virus, a novel coronavirus from China.

The $150 billion approved by Congress in legislation signed by President Donald Trump is being sent to states to cover CCP virus-related expenses, Mnuchin said during an interview on CNBC’s “Squawk Box.”

“We’ve been clear that to the extent people have to use police to enforce coronavirus issues, public safety, things like that, that they could allocate that money to the coronavirus issues, but that this was not about lost revenues and that’s the way the bill was written,” he said.

“This isn’t just going to be a federal bailout of the states,” he added later. “This shouldn’t be a bailout of states that were mismanaged because of the coronavirus.”

Mnuchin has spoken with many governors, including New Jersey Gov. Phil Murphy, about funding.

Facing financial shortages, some governors have pressed for additional funds from the federal government, including New York Gov. Andrew Cuomo and Murphy.

“Our costs are going up serving folks who have lost their jobs, small businesses that have been crushed, folks who are in the healthcare system etc.,” Murphy said on the same show this week.

The National Governors Association, headed by Maryland Gov. Larry Hogan, has asked for $500 billion to replace revenue lost from shuttered businesses and millions of unemployed workers.

Some governors have said rules on using the funds already approved are too restrictive and might force them to return some of the money.

Top congressional Democrats have said they support additional federal funding to states, warning of massive layoffs if the money isn’t approved.

(Excerpt) Read more at theepochtimes.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: bailout; covid19; fed; states
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To: JoSixChip

I got $100 says mitch caves on this, along with mail-in voting. Trump is all that stands between us and them.


Agree. That was my first thought, too. China Mitch’s instinct is to take the position of the most liberal members of his caucus in an election year. He’ll probably dispatch Shelby or Thune to do his dirty work.


21 posted on 04/29/2020 12:56:25 PM PDT by lodi90
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To: SeekAndFind

McConnell is still on the right track. Let the commie states default.


22 posted on 04/29/2020 1:15:59 PM PDT by familyop (Hell hath no fury like a scorned parrot.)
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To: SeekAndFind
Current law prohibits states from declaring bankruptcy

They should write any legislation to include a provision that if Any State has an Unfunded Pension Liability, they Shall turn over All Assets to Social Security, and enroll the retirees in Social Security
23 posted on 04/29/2020 1:24:37 PM PDT by eyeamok
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To: SeekAndFind
Some governors have said rules on using the funds already approved are too restrictive and might force them to return some of the money.

In other, truthful words, they'll be returning OUR taxpayer money. Good deal!

24 posted on 04/29/2020 1:52:37 PM PDT by upchuck (Tired of all the tyranny brought on by leftist politicians.)
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To: SeekAndFind

What is NJ doing with the tax revenues?


25 posted on 04/29/2020 2:13:16 PM PDT by Extremely Extreme Extremist
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To: SeekAndFind; All

>
...In talks with Democrats, Republicans will push to make sure money sent to states isn’t used to address past problems.
>

BWAHAHAhahahhahaha. They’ll bend-over & capitulate, like they ALWAYS do.

Who’s got the betting board w/ the time-span guesstimes??


26 posted on 05/04/2020 4:49:23 PM PDT by i_robot73 (One could not count the number of *solutions*, if only govt followed\enforced the Constitution.)
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To: JoSixChip; SeekAndFind

>
I got $100 says mitch caves on this, along with mail-in voting. Trump is all that stands between us and them.
>

Pres. Trump has vetoed SIX bills. NONE of which were the budgets that he threatened to veto if the same B.S. were brought up to him after the 1st he ‘begrudgingly’ signed.

It’s one of his great failings (along w/ DACA/illegals, draining the swamp, Deep State...)


27 posted on 05/04/2020 4:52:30 PM PDT by i_robot73 (One could not count the number of *solutions*, if only govt followed\enforced the Constitution.)
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To: SeekAndFind; All

Q1: By WHAT authority (A/S/C)??


28 posted on 05/04/2020 4:53:42 PM PDT by i_robot73 (One could not count the number of *solutions*, if only govt followed\enforced the Constitution.)
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To: i_robot73

Then vote for Biden, I’m sure you will be happier with his leadership.


29 posted on 05/04/2020 5:49:13 PM PDT by JoSixChip (I blame the teacher's unions)
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To: JoSixChip

Hint: There’s more than TWO options on most/every ballot

But you do your justification


30 posted on 09/26/2020 7:16:13 PM PDT by i_robot73 (One could not count the number of *solutions*, if only govt followed\enforced the Constitution.)
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