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By Sunday night, when Mitch Mc, Connell forced a vote on a brand-new bill, the bailout figure had actually expanded to more than 5 hundred billion dollars, with this huge sum being apportioned to 2 different proposals. Under the first one, the Treasury Department, under Secretary Steven Mnuchin, would supposedly be given a budget plan of seventy-five billion dollars to offer loans to particular companies and industries. The second program would operate through the Fed. The Treasury Department would provide the reserve 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 companies of all shapes and sizes. http://about-me/ |
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