The official still has ties to his family’s investment firm, which is a major beneficiary of the Treasury’s bailout actions.

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The Big Story

Tue. Jun 2, 2020

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This Treasury Official Is Running the Bailout. It’s Been Great for His Family.

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Deputy Treasury Secretary Justin Muzinich has an increasingly prominent role. He still has ties to his family’s investment firm, which is a major beneficiary of the Treasury’s bailout actions.

by Justin Elliott , Lydia DePillis and Robert Faturechi

VIEW STORY

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More From This Investigation

Hidden in the New House Coronavirus Relief Bill: Billions for Defense Contractors

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A section of the HEROES Act championed by Virginia Democrat Gerry Connolly would cover executive compensation and other perks for defense and intel contractors. The legislation’s wording mirrors what an industry group proposed.

by Jake Pearson

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Another Private Jet Company Owned by a Trump Donor Got a Bailout — This One for $20 Million

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The two private jet companies are among the first 96 airline companies disclosed as recipients of taxpayer funds under the CARES Act.

by Jake Pearson

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The Trump Administration Says a New Bailout Program Will Help 35 Million Americans. It Probably Won’t.

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Experts from across the political spectrum fear that the Federal Reserve’s new Main Street Lending program won’t reach enough businesses or save enough jobs.

by Justin Elliott , Lydia DePillis and Paul Kiel

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The Bailout Is Working — for the Rich

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The economy is in free fall but Wall Street is thriving, and stocks of big private equity firms are soaring dramatically higher. That tells you who investors think is the real beneficiary of the federal government’s massive rescue efforts.

by Jesse Eisinger

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