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07-11-2022 |
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By Sunday night, when Mitch Mc, Connell forced a vote on a new bill, the bailout figure had actually expanded to more than 5 hundred billion dollars, with this huge amount being allocated to two different proposals. Under the first one, the Treasury Department, under Secretary Steven Mnuchin, would apparently be given a budget plan 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 provide 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 loaning program for firms of all shapes and sizes. https://downarchive.site/user/blathainhm |
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