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By Sunday evening, when Mitch Mc, Connell required a vote on a brand-new costs, the bailout figure had broadened to more than five hundred billion dollars, with this big sum being allocated to 2 separate proposals. Under the first one, the Treasury Department, under Secretary Steven Mnuchin, would reportedly be offered a budget of seventy-five billion dollars to provide loans to specific business and industries. The second program would operate 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 sizes and shapes. https://startupmatcher.com/p/carinajennell-7 |
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