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By Sunday evening, when Mitch Mc, Connell forced a vote on a new costs, the bailout figure had broadened to more than five hundred billion dollars, with this big amount being allocated to 2 different propositions. Under the very first one, the Treasury Department, under Secretary Steven Mnuchin, would reportedly be given a spending plan of seventy-five billion dollars to offer 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 money as the basis of a massive lending program for companies of all sizes and shapes. https://issuu.com/bitinekikq |
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