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.
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