US Treasury Secretary Steven Mnuchin has decided to pull the plug on emergency Federal Reserve lending programs drawing heavy criticism from the central bank, which argued the funding was necessary to support the economy as the pandemic rages on. According to CNN, Mnuchin sent a letter to Fed Chairman Jerome …
Read More »White House Prepares Stimulus Package For All Americans To Ease Economic Burden Amid COVID-19 Pandemic
On Tuesday afternoon, Donald Trump’s administration expressed support for sending direct cash payments to Americans, in an attempt to ease the economic burden of the coronavirus. “We’re looking at sending checks to Americans immediately,” Treasury Secretary Steve Mnuchin said of the $850 billion economic stimulus package. “And I mean, now …
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