Coronavirus stimulus: Here’s what has happened so far to the $3 trillion in pandemic aid

Summary: Much of the debate around another coronavirus stimulus bill, or phase 4, has centered around how the money from the first three phases has been spent. “We have directly appropriated $3 trillion,” Sen. Pat Toomey (R-PA) said in a recent Yahoo Finance interview. With the Federal Reserve’s lending power added in, he said, the U.S. government actually has around $6 trillion in spending power and “most of it isn’t out the door yet.