Biden's Infusion to States and Cities Already Totals $105 Billion
https://www.newsmax.com/us/gov-markets-n...br=010502lw8esf
Thursday, 20 May 2021 07:53 AM



The U.S. Treasury Department has already doled out $105.3 billion of aid to state and local governments from President Joe Biden’s $350 billion relief package for them under the American Rescue Plan legislation.

That means the federal government has handed out about 30% of the Coronavirus State and Local Fiscal Recovery Funds to more than 1,500 entities since it was launched on May 10, according to a statement from the Treasury Department Thursday.

The massive infusion of money heading to states and local governments will help them fight the pandemic, replace lost revenue and stoke economic recovery. Tens of thousands of governments are eligible for the funding.

“This state and local aid program is going to provide transformative funding to communities across the country, and our Treasury team is focused on getting relief to these communities as quickly as possible,” Treasury Secretary Janet Yellen said in the statement. -- excerpt, rest at link above --