Bloomberg

Trillions in stimulus go unchecked with watchdogs kept toothless

A pedestrian wearing a protective mask walks past a boarded-up store in New York on June 10, 2020. Foto: Bloomberg/Jeenah Moon

The U.S. has spent more than half of $3 trillion in economic rescue funds passed by Congress -- with little of the oversight intended to ensure the money goes to the right places.

Three new oversight bodies are barely functional: A special inspector general was only recently sworn in, a congressional panel still lacks a chairman and staff, and President Donald Trump quickly removed the official who was going to lead a separate accountability committee...

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