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07-04-2022 |
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By Sunday evening, when Mitch Mc, Connell forced a vote on a new bill, the bailout figure had broadened to more than 5 hundred billion dollars, with this big sum being allocated to 2 different propositions. Under the first one, the Treasury Department, under Secretary Steven Mnuchin, would apparently be given a budget of seventy-five billion dollars to offer loans to specific companies and industries. The 2nd program would operate through the Fed. The Treasury Department would supply the central bank with four hundred and twenty-five billion dollars in capital, and the Fed would use this money as the basis of a mammoth lending program for companies of all shapes and sizes. https://thegadgetflow.com/user/sigfriedgxud710/ |
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