HILL TAX BRIEFING: Telecom, Consulting Nab Treasury Covid Deals

Telecommunications companies and consulting firms have topped the list of recipients for contracts worth millions of dollars to help the Treasury Department bolster its scarce resources during the pandemic.

Treasury shelled out most of its $325.7 million of contract spending related to the coronavirus to AT&T Inc., Verizon Communications Inc., and firms including Deloitte, Accenture Plc, and Booz Allen Hamilton Holding Corp., according to an analysis of Bloomberg Government data.

The virus exacerbated the IRS and Treasury’s problems in areas like information technology and business operations in a time when Congress passed shifting relief laws and shutdowns led to backed ...