The highlight of this summer’s debt deal was the clawback of $27 billion in unused pandemic-era funding. Congress and the president determined that the money shouldn’t sit idle in 87 separate accounts. Unfortunately, in a rush to hold hearings, pass the annual military spending bill, and leave Washington for the August recess, the money seems to have been forgotten again.
Money forgotten is money wasted. Washington’s current political makeup means the money won’t likely be used to reduce the deficit. Therefore, Congress should use the money wisely.
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