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07-04-2022 |
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By Sunday night, when Mitch Mc, Connell required a vote on a new expense, the bailout figure had expanded to more than five hundred billion dollars, with this big amount being assigned to 2 different proposals. Under the first one, the Treasury Department, under Secretary Steven Mnuchin, would apparently be offered a budget plan 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 offer the main bank with four hundred and twenty-five billion dollars in capital, and the Fed would use this money as the basis of a massive lending program for companies of all sizes and shapes. https://skyandtelescope.org/author/comyaztnjd/ |
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