wealth distribution

White House says new funds needed for boosters, existing money difficult to repurpose –

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Of the unspent $300 billion provided by the law, the officials said $240 billion is fully and publicly allocated, including $105 billion for a second batch of relief for cities, counties and states, and money reserved for child tax credits. It includes emergency funds for Federal Emergency Management Agency disaster relief, veterans medical care, small business loans and emergency housing vouchers.

House Majority Leader Steny H. Hoyer, D-Md, said last week that lawmakers were looking at other previously appropriated pandemic funding that could be reallocated to pay for the $15.6 billion package lawmakers had agreed on.

The White House is urging Congress to pass the supplemental package without offsets, as it did with bipartisan support early in the pandemic.

But Republicans are unlikely to back any COVID aid package without sufficient offsets.

Senate Minority Leader Mitch McConnell, R-Ky., speaking on CBS’ “Face the Nation” on Sunday, said offsets would be a requirement to back more COVID-19 aid.

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