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07-10-2022 |
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By Sunday night, when Mitch Mc, Connell forced a vote on a brand-new bill, the bailout figure had broadened to more than five hundred billion dollars, with this substantial sum being assigned to 2 separate proposals. Under the first one, the Treasury Department, under Secretary Steven Mnuchin, would apparently be given a budget of seventy-five billion dollars to provide loans to specific companies and markets. The 2nd program would operate through the Fed. The Treasury Department would offer the central bank with 4 hundred and twenty-five billion dollars in capital, and the Fed would use this cash as the basis of a massive financing program for firms of all shapes and sizes. https://www.empowher.com/user/3721223 |
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