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By Sunday night, when Mitch Mc, Connell forced a vote on a new expense, the bailout figure had expanded to more than 5 hundred billion dollars, with this big amount being assigned to two different propositions. Under the first one, the Treasury Department, under Secretary Steven Mnuchin, would supposedly be offered a budget plan of seventy-five billion dollars to supply loans to specific business and industries. The 2nd program would operate through the Fed. The Treasury Department would provide the reserve bank with 4 hundred and twenty-five billion dollars in capital, and the Fed would utilize this cash as the basis of a massive lending program for companies of all sizes and shapes. https://lorenavppv.contently.com/ |
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