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By Sunday evening, when Mitch Mc, Connell required a vote on a brand-new expense, the bailout figure had broadened to more than 5 hundred billion dollars, with this huge sum being assigned to two separate proposals. Under the very first one, the Treasury Department, under Secretary Steven Mnuchin, would reportedly be given a budget plan of seventy-five billion dollars to provide loans to particular business and industries. The 2nd program would operate through the Fed. The Treasury Department would offer the central bank with four hundred and twenty-five billion dollars in capital, and the Fed would utilize this money as the basis of a mammoth lending program for firms of all shapes and sizes. https://musescore.com/user/50440934 |
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