Trump Admin Cuts off
Emergency Lending Programs, Overruling Fed Chair.
Treasury Secretary Steve Mnuchin has asked
the Federal Reserve to return $455 billion in
unused pandemic program funds.
A number of pandemic
lending programs are
set to expire on Dec. 31.
Mnuchin made the request
On Friday, US stocks made gains as hopes for a peaceful transition to the Biden administration offset concerns about soaring COVID-19 cases. Business Insider reports S&P 500 closed at a record high. On..
US President Donald Trump has virtually conceded defeat to Joe Biden agreeing to begin the transition to the Democrat's administration while also making claims... Mid-Day Also reported by •WorldNews •Newsmax •OK! Magazine •CBS News