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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 five hundred billion dollars, with this big amount being allocated to two separate proposals. Under the very first one, the Treasury Department, under Secretary Steven Mnuchin, would apparently be offered a budget of seventy-five billion dollars to provide loans to specific companies and industries. The 2nd program would operate through the Fed. The Treasury Department would offer the reserve bank with 4 hundred and twenty-five billion dollars in capital, and the Fed would use this money as the basis of a mammoth financing program for firms of all shapes and sizes. https://500px.com/p/hannahedii380 |
