Today’s finance teams carry a heavy burden, supporting everything from growth strategies to long-term planning – all while continuously delivering monthly and quarterly numbers and keeping cash flowing. But even as demands on finance departments grow, many still spend excessive time using paper, spreadsheets, and e-mails to process vendor invoices, approvals, and payments.
President Trump on Tuesday disparaged the coronavirus relief package approved by Congress this week. The deal does not appropriate more direct funding for local governments and states, but if it does go forward, it would extend the deadline for them to spend previous funds.
Housing advocates applauded the inclusion of the emergency rental assistance and eviction moratorium extension in the federal relief package, but said the incoming Biden administration will have to do more.
Representatives from both parties, who met Tuesday and Wednesday, said major headway was made during negotiations on a roughly $900 billion relief package. But more direct help for state and local governments isn't included.
A $748 billion proposal would fund initiatives like unemployment insurance and the Paycheck Protection Program, while a separate $160 billion bill would provide state and local aid, but also a liability shield.