Treasury Secretary Steven Mnuchin speaks during a meeting with restaurant industry executives about the coronavirus response, in the State Dining Room of the White House, Monday, May 18, 2020, in Washington.
The Fed’s Main Street Lending program, announced in March, will extend up to $600 billion in loans to companies with up to 15,000 employees. The Treasury has provided $75 billion to offset any losses from the loans, drawn from $454 billion that Congress provided Treasury to support Fed loans in the relief package.
Lawmakers from both parties have criticized the Payroll Protection Program, which initially provided $349 billion in forgivable loans to small companies but has been plagued by a host of problems. Many businesses were unable to get loans before the initial funding was exhausted. A second round of loans faced computer processing delays and a number of publicly traded companies ended up receiving money that Mnuchin demanded be paid back to the government.
Mnuchin also said that the $1,200 stimulus checks from the relief package have added up to $240 billion in direct payments for millions of Americans, with a typical family of four receiving $3,400. Late Monday, Treasury said that this week it is sending out nearly four million payments on prepaid debit cards. The payments were approved in late March, though Treasury warned that it would take time to issue the funds to those without bank accounts.
Mnuchin is a piece of $%
But not in NYC and decidedly not qualifying me, right?
He couldn't give a straight answer to ewarren either. Its basically what we expected. Take care of big corporations forget essential workers WhiteHouse POTUS
Mnuchin is so wrong. United took $4.9 billion dollars & then reduced 28000 employees to part-time. They VIOLATED The agreement!
Why does someone ask Steve Mnuchin about his part in the failure of Sears, now that would be interesting, talking billions here.
does the fraud never end in this adm?. now pompeo did not even notify congress about the billion of dollars arms deal with saudi arabia/.calling it some kind of emergency!/. no oversight on the djt corrupt adm & cabinet/.
Mnuchin should resign
He’s a crook. Don’t believe anything he says!
So...Trump is mad at China about the way they handled the virus? Well, I am ANGRY as hell at Trump for the same reason, “for not doing more to contain the COVID outbreak... & alert America”! He golfed, campaigned & blamed Dems, but he did NOT have a plan to care for America!
They only prioritize bailouts to big corporations, oil companies and banks.. that's where their political donations come from.
Was watching this and he looked stupid. Reminded me a lot of Donald Chump.
The tRUMP Cultist also defended the Regime's constant defense & protection of Wall Street & its billionaires The low-wage essential worker? Fuckhim/Fuckher! COVID19 coronavirus cspan cspanwj MSNBC CNN realDonaldTrump
And the fools got schooled!!
so nice of you to use the file photo when he is cowering in his bunker
EndTheShutdownNow EndTheShutdownNow EndTheShutdownNow EndTheShutdownNow EndTheShutdownNow
ewarren just destroyed mnuchin. They have scammed tax payers out of trillions
**The Associated Press**
EndTheShutdownNow EndTheShutdownNow EndTheShutdownNow