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By Sunday evening, when Mitch Mc, Connell required a vote on a new bill, the bailout figure had actually broadened to more than 5 hundred billion dollars, with this big amount being allocated to two different 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 offer loans to particular business and markets. The 2nd program would operate through the Fed. The Treasury Department would offer the central bank with 4 hundred and twenty-five billion dollars in capital, and the Fed would utilize this cash as the basis of a mammoth lending program for firms of all shapes and sizes. https://www.ted.com/profiles/36361632 |
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