There were pretty strong hints that Republicans were disinterested in continuing the CARES Act’s Federal Reserve lending facilities after it technically expires at the end of the year. The deadline could be extended, but Treasury would have to agree to the terms. And yesterday, Steve Mnuchin pulled the plug.
David Dayen
David Dayen is the author of Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud, winner of the Studs and Ida Terkel Prize. Follow him on Twitter: @ddayen.
ALL POSTS BY David Dayen
November 17, 2020It’s the usual American path of exhausting all possibilities before doing the right thing.
November 16, 2020Plus, Moderna has great news on its vaccine.
November 12, 2020Eight months into this crisis, more people are filing for benefits every week than the worst week of the Great Recession. As of last week, 21 million workers are claiming meager unemployment benefits, without any federal enhancement.
November 11, 2020It’s pulling focus from the most dangerous moment of the crisis.
November 10, 2020The nursing home industry was completely unprepared for the additional care that would be needed during the pandemic.
November 9, 2020Plus, Biden kicks off his task force.
November 7, 2020Plus, markets sense doom in state and local governments.
November 6, 2020It means a smaller set of relief, unfortunately, though that’s better than gridlock.
November 5, 2020There’s no single narrative throughline that cleanly explains last night. It’s time to throw FiveThirtyEight and the polling-analysis-industrial complex into the ocean, but if you’re grasping for a story to reinforce your priors, you’re unlikely to find it.
