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By Sunday evening, when Mitch Mc, Connell forced a vote on a new expense, the bailout figure had expanded to more than 5 hundred billion dollars, with this substantial sum being apportioned to 2 different proposals. Under the very first one, the Treasury Department, under Secretary Steven Mnuchin, would reportedly be given a budget of seventy-five billion dollars to supply loans to specific companies and markets. The 2nd 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 lending program for firms of all shapes and sizes. https://www.polygon.com/users/freadhvzxk |
