Friday, December 4, 2020
Home USA News Washington Fed extends emergency loan program for three more months El Tiempo Latino

Fed extends emergency loan program for three more months El Tiempo Latino


ECONOMY. Federal Reserve Building in Washington, DC, United States. | Photo: Efe.

The United States Federal Reserve reported on Monday that the business loan programs, whose purpose is to alleviate the economic consequences of COVI-19, were extended until March 31, 2021, AFP reported.

- Advertisement -

The national Treasury Department initially tried to end the loans, which began in March, by the end of this year; but finally agreed to the extension requested by the central bank.

The central bank argued that credits are essential to finance markets in the short term and guarantee the flow of credits necessary for the economy.

In March, the central bank proposed supporting auto or mortgage loans and offering loans to organizations, in order to avoid default.

The Trump Administration, for its part, had asked the Federal Reserve to return approximately $ 455 billion in funds for the coronavirus emergency not yet used.

- Advertisement -

The petition was criticized by experts and political leaders: For supporters of President-elect Joe Biden, the move was an attempt to complicate the economy for the next government.

With information from AFP.





Source link
http://eltiempolatino.com/news/2020/nov/30/fed-extiende-programa-de-creditos-de-emergencia-po/

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Price of the dollar December 3

Drafting Mexico City / 03.12.2020 09:20:06 ...

Comedian Joe Luna Dies From COVID-19; had recorded a VIDEO of his condition

Comedian Joe Luna, better known as Joe "El Cholo", die due to the COVID-19 at age 38 in Los Angeles, United States. Days...

Santos Laguna: Julio Furch will sign for two years with Atlas for the Clausura 2021 of the MX League

Julio Furch, Santos Laguna striker, will become Atlas's new reinforcement for the 2021 Clausura of the MX League, as confirmed by C├ęsar Luis Merlo,...

Goals Cruz Azul vs Pumas LIVE: Roberto Alvarado, Rafael Baca and Luis Romo scored and went 3-0 in less than 15 minutes for the...

Updated 12/03/2020 at 10:38 PM Although in the previous one, Pumas appeared as the favorite of the key before Blue CrossAt the moment...

Recent Comments