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07-11-2022 |
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By Sunday evening, when Mitch Mc, Connell required a vote on a new costs, the bailout figure had expanded to more than 5 hundred billion dollars, with this huge amount being assigned to 2 separate propositions. Under the first one, the Treasury Department, under Secretary Steven Mnuchin, would apparently be given a budget plan of seventy-five billion dollars to provide loans to specific companies and industries. The second 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 mammoth loaning program for firms of all shapes and sizes. https://www.sbnation.com/users/delodoakld |
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