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  • U.S. Treasury Secretary Mnuchin says people are misunderstanding his department’s decision not to extend funding to several Fed lending programs - CNBC
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20.11.2020, 14:54

U.S. Treasury Secretary Mnuchin says people are misunderstanding his department’s decision not to extend funding to several Fed lending programs - CNBC

  • We’re following the intent of Congress; it was clear that congressional intent was that Fed's lending facilities should expire at the end of December
  • We need Congress to re-appropriate these funds
  • Еhere’s up to $800 billion in potential firepower that can be deployed if needed through the Exchange Stabilization Fund and elsewhere
  • Markets should be very comfortable that we have plenty of capacity left
  • We'll be redoubling our efforts to sit down with Congress and get something done on stimulus
  • Parts of the economy are roaring back but a lot of people are still struggling
  • We want to get a targeted bill done for the people who really need it
  • We're working to get vaccine distributed widely

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