Very little of the $500 billion in coronavirus relief fund for businesses has been spent

WASHINGTON – The Treasury Department has disbursed less than 8% – just $37.5 billion of $500 billion – of the emergency funds that Congress approved two months ago for loans and loan guarantees to help stabilize the economy, according to a report Monday from a congressional oversight commission created to monitor how the money is spent. None of the $46 billion Congress set aside specifically …