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By Sunday night, when Mitch Mc, Connell required a vote on a new costs, the bailout figure had actually expanded to more than five hundred billion dollars, with this substantial sum being allocated to two separate propositions. Under the first one, the Treasury Department, under Secretary Steven Mnuchin, would apparently be provided a budget plan of seventy-five billion dollars to offer loans to specific companies and industries. The 2nd program would operate through the Fed. The Treasury Department would supply the reserve bank with 4 hundred and twenty-five billion dollars in capital, and the Fed would use this money as the basis of a mammoth loaning program for firms of all shapes and sizes. https://devpost.com/kateshyo099 |
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