Treasury creates new office to oversee Covid relief programs

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An employee watches as checks are run through a printer at the U.S. Treasury printing facility February 11, 2005 in Philadelphia, Pennsylvania.
William Thomas Cain | Getty Images

The U.S. Treasury will create a new office to oversee efforts to distribute coronavirus relief, the department said Wednesday.

The Office of Recovery Programs will dole out about $420 billion in assistance approved as part of the $1.9 trillion American Rescue Plan last month. It includes state and local government relief, rental and homeowner relief and small business aid.

Jacob Leibenluft, an economic advisor in the Obama administration, will lead the new office.

This story is developing. Please check back for updates.

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