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Toomey praises end of Federal Reserve lending programs, will support relief deal

Toomey praises end of Federal Reserve lending programs, will support relief deal Alexander Bolton © Bonnie Cash Toomey praises end of Federal Reserve lending programs, will support relief deal Sen. Pat Toomey (R-Pa.), who will be the next chairman of the Senate Banking Committee if Republicans keep their majority in 2021, on Sunday praised the outcome of negotiations with Democrats to wind down the Federal Reserve s expanded lending powers. Toomey, who negotiated the deal late Saturday night with Senate Minority Leader Charles Schumer (D-N.Y.), said the agreement will close four Fed credit lending facilities funded by the CARES Act: the Primary Market Corporate Credit Facility, the Secondary Market Corporate Credit Facility, the Main Street Lending Program and the Municipal Credit Facility.

United statesPat toomeyr paJoe bidenLending programSenate banking committeeFederal reserveSenate minority leader charles schumerBonnie cash toomeyPat toomeyPrimary market corporate credit facilitySecondary market corporate credit facilityMain street lending programMunicipal creditPresident elect joe bidenஒன்றுபட்டது மாநிலங்களில்ஓஹோ பிடென்

GOP Sen Toomey Praises End to Fed s CARES Lending

GOP Sen Toomey Praises End to Fed s CARES Lending
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United statesPat toomeyJoe bidenLending programSenate banking committeeFederal reserveSenate minority leader charles schumerPrimary market corporate credit facilitySecondary market corporate credit facilityMain street lending programMunicipal creditஒன்றுபட்டது மாநிலங்களில்பேட் டூமிஓஹோ பிடென்கடன் ப்ரோக்ர்யாம்செனட் வங்கி குழு

Senators reach deal on Fed powers, setting stage for coronavirus relief passage

At around 9 p.m. Republicans sent word to Schumer that they would accept language resolving the dispute over the Federal Reserve’s lending facilities, according to GOP aides. The compromise will sweep out the $429 billion in unspent CARES Act funding for the Federal Reserve’s credit lending facilities and repurpose it as an offset for a new $900 billion coronavirus relief bill, GOP sources said. ADVERTISEMENT The deal will close four Federal Reserve credit lending facilities created by the CARES Act and will prevent the Fed from standing up replica facilities in the future without congressional approval. Those four programs are the Primary Market Corporate Credit Facility, the Secondary Market Corporate Credit Facility, the Main Street Lending Program and the Municipal Credit Facility.

Federal reserveSenate minority leader charles schumerSenate minority leader charlesMain streetTerm asset backed securities loanFed chairகூட்டாட்சியின் இருப்புசெனட் சிறுபான்மை தலைவர் சார்லஸ் ஸ்குமர்செனட் சிறுபான்மை தலைவர் சார்லஸ்பிரதான தெருஊட்டி நாற்காலி

Congress clinches sweeping deal on coronavirus relief, government funding

Congress clinches sweeping deal on coronavirus relief, government funding Jordain Carney © Greg Nash Congress clinches sweeping deal on coronavirus relief, government funding Congressional leaders on Sunday reached a mammoth deal to fund the government and provide long-sought coronavirus relief as lawmakers race to wrap up their work for the year. The deal will tie a $1.4 trillion bill to fund the government until Oct. 1 to roughly $900 billion in coronavirus aid. In order to give Congress time to process and pass the agreement, the House and Senate passed a one-day stopgap bill on Sunday. Senate Majority Leader Mitch McConnell (R-Ky.) announced the deal from the Senate floor on early Sunday evening.

United statesWhite houseDistrict of columbiaPat toomeyr paJohn thuneSenate majority leader mitch mcconnellr kySenate republicanGreg nash congressPaycheck protection programSenate minority leader charles schumerMajority leader mitch mcconnellHouse speaker nancy pelosiPat toomeyHouse minority leader kevin mccarthyPresident trumpHouse majority leader steny hoyer

GOP senator: COVID-19 relief package gets done today

GOP senator: COVID-19 relief package gets done today Zack Budryk © Greg Nash GOP senator: COVID-19 relief package gets done today Wyoming Sen. John Barrasso (R) expressed optimism on Sunday that the Senate would reach a deal on another coronavirus relief package after months of talks. This gets done today. No more delays. We re not leaving until we have relief for the American people, Barrasso said on Fox News Sunday. People are hurting, people need help, and there are two things we need to do to write this final chapter on coronavirus, he added. The one is to get people vaccinated. We re doing that now - 20 million people will be vaccinated by New Year s Eve - but we need to provide help for the American people.

United statesFox chris wallacePat toomeyr paJoe bidenElectoral collegePaycheck protection programFederal reserveSenate minority leader charles schumerGreg nashJohn barrassoNews sundayNew yearPat toomeyPaycheck protectionChris wallacePresident elect joe biden