US Unveils Lending Programs to Provide $2.3 Trillion for Businesses - Treasury
The US Treasury and Federal Reserve have approved the creation of new and expanded programs to provide up to $2.3 trillion in financing to small and medium businesses hit by the coronavirus pandemic, Secretary Steven Mnuchin said on Thursday
WASHINGTON (Pakistan Point News / Sputnik - 09th April, 2020) The US Treasury and Federal Reserve have approved the creation of new and expanded programs to provide up to $2.3 trillion in financing to small and medium businesses hit by the coronavirus pandemic, Secretary Steven Mnuchin said on Thursday.
"The combination of these facilities will provide up to $2.3 trillion in new financing to support American workers by helping American businesses preserve jobs, sustain operations, and continue to serve their customers," Mnuchin said in a statement.