WASHINGTON, Dec 1 (Reuters) - Treasury Secretary Steven Mnuchin and Fed Chair Jerome Powell mention
WASHINGTON, Dec 1 (Reuters) – Treasury Secretary Steven Mnuchin and Fed Chair Jerome Powell mentioned U.S. small companies stay in danger amid a surging pandemic, with Mnuchin suggesting $300 billion be put aside for grants to struggling companies.
“These companies can not wait two or three months,” Mnuchin informed the Senate Banking Committee, urging lawmakers to repurpose funds he’s clawing again from different Fed packages.
“There are a variety of small companies which are in danger,” Powell mentioned.
(Reporting by Howard Schneider Enhancing by Chizu Nomiyama)
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