As of March 26, we're $27,100 in the red for the quarter. Donate here to support this vital work
Subscribe here and join over 13,000 subscribers to our free weekly newsletter

Trump rejects congressional oversight of $500 billion in corporate relief
Key Excerpts from Article on Website of San Francisco Chronicle (San Francisco's leading newspaper)


San Francisco Chronicle (San Francisco's leading newspaper), March 30, 2020
Posted: April 7th, 2020
https://www.sfchronicle.com/nation/article/Trump-rejects-con...

The coronavirus financial aid package that landed on President Trumps desk last week included a $500 billion corporate-loan fund that contained a major downside for his administration: Congressional Democrats had pushed for increased oversight of the loans, with a federal investigator designated to report to lawmakers on uses of the funding. So Trump, in endorsing the legislation Saturday, turned to a device he has used in record numbers during his tenure, the presidential signing statement. He signed the bill into law, but in the accompanying statement, he said he would not be bound by provisions that interfered with executive authority. Trump said he would not allow an inspector general to report to Congress because the Constitution, in his view, requires presidential supervision of such information. Using the signing statement to get his way with Congress is a familiar maneuver for Trump. It was at least the 769th signing statement Trump has issued since he took office. President George W. Bush, who produced more signing statements than all previous presidents combined, issued 750 in his first term. The disputes that arise between presidents and Congress because of executive signing statements could be resolved by the courts. But members of Congress have generally been unwilling to file suit, and it is difficult to find private citizens who can ... establish legal standing. Unless a court says otherwise, the president, not Congress, will have the last word on the $500 billion loan fund.

Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption from reliable major media sources.


Latest News


Key News Articles from Years Past