• Seth Golden posted an update 1 week ago

    On Fox Treasury Secretary Mnuchin outlined 5 key points of Crisis Bill that is in final stages of negotiations. The devil is always in the details that are yet to be announced, but so far the assistance to the economy and financial system is going to be massive:

    Small Business Retention (Forgivable) Loans.
    Two weeks of payroll and overhead for small business that represents roughly half of our workforce
    Family Direct Deposit
    Mnuchin said a family of four would get roughly $3000. That suggests $1000/household adult, and $500/household child
    Enhanced Unemployment Benefits – He did not quantify
    Liquidity Program working with the Fed
    Up to $4 trillion for broad based lending programs
    Health Care Support
    Mnuchin said roughly $110 billion in assistance

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