Mnuchin is extedning some emergency applications however declining to increase others.

Persevering with for an additional 90 days are:

  • applications offering short-term business paper loans to companies
  • one other for cash market functioning and a backstop associated to the Paycheck Safety Program

Not persevering with:

  • The Fed’s company credit score, municipal lending and Principal Avenue Lending Program received’t be renewed

Associated to this:

On the face of it, the actions from Mnuchin will create additional financial ache and issues for the subsequent administration to take care of.

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