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Texas’s debt problem was well underway before it received federal bailouts, reports show

By Washington Examiner
Published August 3, 2020 5:00pm ET
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Texas’s debt problem was well underway before it received federal bailouts, reports show
In this Jan. 14, 2019, photo, a large Texas flag hangs from the Texas State Capitol as workers prepare the grounds for inauguration ceremonies in Austin, Texas. | (Eric Gay/AP)

As Congress debates another $1 trillion stimulus package, efforts are underway to determine how much more federal bailout money states should receive.

According to U.S. House Speaker Nancy Pelosi’s HEROES Act, Texas would receive an additional $34 billion in federal bailout money. How much of this the Lone Star State would actually receive has yet to be determined.

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