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By Sunday night, when Mitch Mc, Connell required a vote on a brand-new costs, the bailout figure had broadened to more than five hundred billion dollars, with this huge amount being allocated to two different propositions. Under the very first one, the Treasury Department, under Secretary Steven Mnuchin, would supposedly be provided a budget of seventy-five billion dollars to provide loans to particular companies and industries. The 2nd program would run through the Fed. The Treasury Department would provide the reserve bank with four hundred and twenty-five billion dollars in capital, and the Fed would use this money as the basis of a massive lending program for firms of all shapes and sizes. https://devpost.com/karlfriedkvcp437 |
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