FILE PHOTO: G-20 finance ministers and central banks governors pose for a family photoMore
By David Lawder
WASHINGTON (Reuters) – The U.S. government’s handling of its massive economic response to the coronavirus pandemic will come under scrutiny on Tuesday as Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell testify before the Senate Banking Committee.
Senators are expected to grill Mnuchin and Powell about actions still needed to keep the world’s largest economy afloat and about missteps in rolling out some $3 trillion in aid so far. (See graphic https://graphics.reuters.com/HEALTH-CORONAVIRUS/USA-SAFETY-NET/rlgpdwwjjvo/index.html showing how the money moved.)
As more states reopen businesses, the government is closing in on the end of an eight-week program to funnel money to small businesses to avoid layoffs, prompting calls to extend the