Trump’s Treasury pulls the plug on pandemic relief loans

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The Trump administration asked the Federal Reserve to return $429 billion it received from Congress to bolster credit markets during the pandemic, and argued that the programs should terminate at year-end. The news, detailed today in a letter from Treasury Security Steven Mnuchin, could undermine the economic recovery. https://qz.com/1935959/trumps-treasury-pulls-the-plug-on-feds-cares-act-pandemic-loans/

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