The hearing comes on the heels of a report from the new Congressional Oversight Commission that found the Treasury Department has spent little of the $500 billion Congress specifically appropriated for lending to businesses and state and local governments
Washington Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin will give their first report on the economic stimulus programs implemented by the $2.2 trillion CARES Act when they testify before the Senate Banking Committee on Tuesday.
. That includes $46 billion for the airline industry, none of which has been lent so far. Congress passed the CARES Act aid package about two months ago. It was meant to help support the economy and help people pay their bills as stay-at-home orders shuttered businesses. More than 36 million people have lost their jobs since the middle of March.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Mnuchin, Powell to face Senate grilling on coronavirus loan programsThe heads of the Treasury and Fed look set to get some tough questions on Tuesday at a remote Senate hearing, with their testimony coming as a new congressional panel releases its first report on one part of Washington’s big relief package.
Weiterlesen »
Powell, Mnuchin to face Senate grilling on U.S. coronavirus responseThe U.S. government's handling of its massive economic response to the coronavirus pandemic will come under scrutiny on Tuesday as Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell testify before the Senate Banking Committee.
Weiterlesen »
Dow futures retreat as stock-market investors await testimony from Powell, MnuchinU.S. stock-index futures indicated a lackluster start of trade on Tuesday, following the best day for the S&P 500 and the Dow since early April. Wall Street will be watching for congressional testimony from Federal Reserve boss Jerome Powell and Treasury Secretary Steven Mnuchin.
Weiterlesen »
READ: Mnuchin, Fed Chair Powell Testimony On Coronavirus ReliefTreasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell will address the Senate Banking Committee tomorrow about coronavirus relief aid. Read their written testimonies 👇
Weiterlesen »
Mnuchin And Fed's Powell Set To Brief Senators On $2 Trillion Coronavirus ActThe Senate Banking Committee is holding its first review on coronavirus relief funding, calling on Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell to speak about their stewardship of the $2 trillion. Watch the Livestream here 👇
Weiterlesen »
Fed’s Powell warns unemployment could reach Depression-level 25 percentFederal Reserve Chair Jerome Powell warned that the nation's unemployment rate could soar to 25 percent during the worst of the pandemic
Weiterlesen »