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By Sunday evening, when Mitch Mc, Connell forced a vote on a brand-new bill, the bailout figure had expanded to more than 5 hundred billion dollars, with this huge amount being apportioned to 2 different proposals. Under the first one, the Treasury Department, under Secretary Steven Mnuchin, would apparently be provided a budget plan of seventy-five billion dollars to supply loans to particular companies and markets. The second program would run through the Fed. The Treasury Department would provide the reserve bank with four hundred and twenty-five billion dollars in capital, and the Fed would use this cash as the basis of a mammoth financing program for firms of all shapes and sizes. https://www.polygon.com/users/patiusyylh |
