Press Releases

SPRINGFIELD, MA — Ways and Means Committee Chairman Richard E. Neal (D-MA) released the following statement regarding reports that Treasury Secretary Steven Mnuchin is placing $455 billion of COVID response money in the Treasury Department’s General Fund:

“The President and his team have politicized the pandemic from the start, which has resulted in unfathomable sickness, death, and economic hardship. Now, on their way out the door, they’re continuing to put petty politics ahead of Americans’ safety. Despite the stock market’s rebound due to the news that President-elect Biden can formally begin his transition process, the COVID-19 economic crisis is not over. Millions of families are struggling, wondering how they’ll make ends meet in the coming weeks. The next administration needs access to all available resources to continue fighting the virus and getting Americans back to work.

“The Trump Administration still doesn’t understand that the stock market is not the same thing as the economy. Their inability to grasp the American people’s hardship has real consequences. Secretary Mnuchin’s clawing back of this COVID response funding will only worsen the pain and suffering that has stemmed from the President’s inept mismanagement of the crisis.”

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