claim: There is “$500 billion of unspent COVID money” that can be rescinded.
evidence: Government estimates show that more than $400 billion in COVID-19 relief money remained unspent as of Jan. 31. But government sources say a majority of that money has been allocated, meaning it’s earmarked to be spent and wouldn’t be eligible for rescission. Estimates about how much remains unspent and unallocated range from $70 billion to $90.5 billion.