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By Sunday night, when Mitch Mc, Connell required a vote on a new expense, the bailout figure had actually expanded to more than five hundred billion dollars, with this huge amount being allocated to 2 different proposals. Under the very first one, the Treasury Department, under Secretary Steven Mnuchin, would supposedly be given a spending plan of seventy-five billion dollars to provide loans to specific business and industries. The 2nd program would operate through the Fed. The Treasury Department would provide the central bank with four hundred and twenty-five billion dollars in capital, and the Fed would use this cash as the basis of a mammoth lending program for firms of all shapes and sizes. https://www.scoop.it/u/sandridge-gisele-87 |
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