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8 April, 2020 06:03:19 PM
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US to ask for additional $250 bn for small business loans: Mnuchin

Independent Online/AFP
US to ask for additional $250 bn for small business loans: Mnuchin

US Treasury Secretary Steven Mnuchin said Tuesday he is requesting $250 billion from Congress to boost a new small businesses lending program.

Congress late last month approved a $350 billion paycheck protection program to provide what are essentially grants to businesses nationwide to pay their workers.

Mnuchin tweeted that he has reached out to both the Republican and Democratic leaders of the Senate and House of Representatives “to secure an additional $250 billion for the #PPPLoan program to make sure small businesses get the money they need!”

HM

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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