U.S. Treasury chief says aiming for details of mid-size company loans this week
WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Wednesday he hoped to announce a new “Main Street” lending program for mid-size companies this week and defended the rollout of a $350 billion loan program for small businesses.
Mnuchin told CNBC the Treasury has been actively working with the Federal Reserve on the Main Street facility designed for businesses with more than 500 employees, adding: “We hope to have an announcement this week with the details on that and get it up and running as soon as we can.”
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Source : Reuters Link