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By Sunday evening, when Mitch Mc, Connell required a vote on a new expense, the bailout figure had actually expanded to more than five hundred billion dollars, with this huge amount being allocated to 2 separate propositions. Under the first one, the Treasury Department, under Secretary Steven Mnuchin, would supposedly be given a spending plan of seventy-five billion dollars to offer loans to specific business and markets. The second program would operate through the Fed. The Treasury Department would provide the central bank with 4 hundred and twenty-five billion dollars in capital, and the Fed would use this money as the basis of a massive financing program for firms of all sizes and shapes. https://www.empowher.com/user/3711902 |
