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U.S. Treasury says disbursed $700 billion of COVID-19 relief funds By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO: Signage is seen at america Division of the Treasury headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly

WASHINGTON (Reuters) -The U.S. Treasury on Thursday stated it had disbursed about $700 billion of $1 trillion in COVID-19 aid packages administered by Treasury within the first six months for the reason that American Rescue Program (ARP) was signed into regulation.

Most of that cash, $450 billion, was paid on to households and households, by means of Financial Affect Funds totaling greater than $400 billion, youngster tax credit totaling greater than $46 billion, and greater than $5 billion in rental help going out. Treasury stated it has additionally despatched $240 billion to assist state, native and tribal governments.

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