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By Sunday night, when Mitch Mc, Connell forced a vote on a brand-new costs, the bailout figure had actually expanded to more than five hundred billion dollars, with this substantial amount being allocated to two separate propositions. Under the very first one, the Treasury Department, under Secretary Steven Mnuchin, would apparently be offered a budget of seventy-five billion dollars to provide loans to specific companies and industries. The second program would run through the Fed. The Treasury Department would offer the main bank with 4 hundred and twenty-five billion dollars in capital, and the Fed would utilize this cash as the basis of a massive loaning program for companies of all shapes and sizes. https://cs.astronomy.com/members/godellmhwt/default.aspx |
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