Politic > Economy

Mnuchin Defends Shutting Down Fed Emergency Loan Programs

1 month ago   |   By The Huffington Post

The Treasury Secretary argued that the funds should instead be used to help small businesses and unemployed workers.
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Mnuchin defends shut down of Fed emergency loan programs

Mnuchin defends shut down of Fed emergency loan programs

1 month ago   |   By My Sanantonio

WASHINGTON - Treasury Secretary Steven Mnuchin is defending his decision to close down a number of emergency Federal Reserve loan programs at a time when coronavirus cases are surging.
Democrats were unconvinced, however, saying that Mnuchin's actions are politically motivated and take away tools that the Biden administration could use to support the economy.
Mnuchin argued that the programs he decided not to extend into next year were being lightly utilized and the more than $400 billion allocated for those Fed loan programs could be better used elsewhere if Congress moved the funds into...
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