Proposals to raise the nation’s debt limit include spending cuts to coronavirus relief funds that haven’t been used. The Congressional Budget Office estimates that $30 billion of “unobligated” pandemic funds could be canceled as part of a debt-limit deal. That could include leftover funds for vaccines, public health initiatives and a program that provides wireless internet access for students. But the Treasury Department says the cuts would have little effect on $350 billion of aid for state and local governments. That’s because the money already has been distributed, even though local officials are still deciding how to spend it.
