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By Sunday evening, 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 big sum being apportioned to 2 different proposals. Under the very first one, the Treasury Department, under Secretary Steven Mnuchin, would supposedly be offered a budget plan of seventy-five billion dollars to provide loans to particular business and industries. The second program would run through the Fed. The Treasury Department would supply the main 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://selinauddw.contently.com/ |
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