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By Sunday evening, when Mitch Mc, Connell required a vote on a new expense, the bailout figure had actually expanded to more than five hundred billion dollars, with this substantial sum being assigned to 2 separate propositions. Under the first one, the Treasury Department, under Secretary Steven Mnuchin, would reportedly be offered a budget plan of seventy-five billion dollars to provide loans to specific business and industries. The second program would run through the Fed. The Treasury Department would offer the central bank with four 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://www.ted.com/profiles/36360709 |
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