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The Fed Criticizes Treasury Department's Decision To End Emergency Lending Programs

An unusual tug of war between the Treasury Department and the Federal Reserve could leave businesses in the lurch amid a new round of coronavirus restrictions and closures.

Treasury Secretary Steven Mnuchin sent a letter Thursday asking the Fed to return unspent money allocated under the first relief package for emergency lending programs.

Here & Now‘s Tonya Mosley speaks with Ali Velshi, MSNBC anchor and economics correspondent.

This article was originally published on WBUR.org.

Copyright 2020 NPR. To see more, visit https://www.npr.org.