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By Sunday night, when Mitch Mc, Connell forced a vote on a brand-new bill, the bailout figure had actually broadened to more than 5 hundred billion dollars, with this substantial sum being allocated to two separate propositions. Under the very first one, the Treasury Department, under Secretary Steven Mnuchin, would reportedly be provided a budget of seventy-five billion dollars to provide loans to particular companies and industries. The 2nd program would operate through the Fed. The Treasury Department would supply the central bank with 4 hundred and twenty-five billion dollars in capital, and the Fed would use this cash as the basis of a mammoth loaning program for companies of all sizes and shapes. https://www.teachertube.com/user/channel/eracheuqb |
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