Kyle Kulinski
@seculartalk·2.1M subscribers·24.1K videos
"WE FIXED IT!" - Trump On Covid | The Kyle Kulinski Show
Posted
December 7, 2021
Views
31,623
Likes
1,876
Comments
402
Engagement
7.20%
December 7, 2021
31,623
1,876
402
7.20%
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A federal agency that was led by a longtime friend of Jared Kushner, Donald Trump's son-in-law, received $100 million in Pentagon funds to help with the nation's COVID response — but has yet to spend any of the money, according to a government watchdog.
The Trump administration last year tapped the International Development Finance Corporation (DFC), an independent government agency that funds private development projects, to distribute $100 million in loans funded by the Pentagon through the CARES Act to "finance the domestic production of strategic resources needed to respond to the COVID-19 outbreak, and to strengthen any relevant domestic medical supply chains."
Dozens of companies sought those loans to help increase the country's supply of PPE, ventilators, vaccines and testing supplies after then-President Trump invoked the Defense Production Act under pressure from Congress. But to this day, DFC has not doled out a single dollar from the program despite receiving 178 applications, according to a new Government Accountability Office report, although the agency did spend more than $1 million just going through the applications. The agency has since put its application portal on ice and its authority to lend funds under the program will expire in March 2022.
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