Crisis. He is in charge of 2. 3 trillion. Relief is on the way for millions of americans meanwhile and has a 2 trilliondollar coronavirus package is expected to help Small Businesses and individuals as soon as next week. It includes funding for public health, Small Businesses, Small Business loans, Unemployment Benefits and direct payment to americans. Steven mnunchin tells me that the new bank Lending Program will be ready by next friday. Chairman powell and i are speaking multiple times a day, every day. Even before this legislation was passed, the fed requested use of 133, those are there emergency powers, the way this works is the fed makes a request to me as treasury secretary, i have to approve it, ive approved all the requests so far, weve announced five of these transactions using existing money that we had before the legislation was passed, and the mechanism works in some of these where the fed is doing certain transactions, vacant credit support from the treasury and money th
He is in charge of 2. 3 trillion. Relief is on the way for millions of americans meanwhile and has a 2 trilliondollar coronavirus package is expected to help Small Businesses and individuals as soon as next week. It includes funding for public health, Small Businesses, Small Business loans, Unemployment Benefits and direct payment to americans. Steven mnunchin tells me that the new bank Lending Program will be ready by next friday. Chairman powell and i are speaking multiple times a day, every day. Even before this legislation was passed, the fed requested use of 133, those are there emergency powers, the way this works is the fed makes a request to me as treasury secretary, i have to approve it, ive approved all the requests so far, weve announced five of these transactions using existing money that we had before the legislation was passed, and the mechanism works in some of these where the fed is doing certain transactions, vacant credit support from the treasury and money that we pu
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