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By Sunday evening, when Mitch Mc, Connell forced a vote on a brand-new expense, the bailout figure had expanded to more than five hundred billion dollars, with this substantial sum being apportioned to 2 different proposals. Under the very first one, the Treasury Department, under Secretary Steven Mnuchin, would apparently be given a budget of seventy-five billion dollars to provide loans to particular business and markets. The second program would run through the Fed. The Treasury Department would supply the central bank with four hundred and twenty-five billion dollars in capital, and the Fed would utilize this money as the basis of a massive lending program for companies of all shapes and sizes. https://www.teachertube.com/user/channel/gebemevqmt |
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