The US Treasury recovers $ 455 billion of the funds from the Corona crisis
The Chairman of the US Federal Reserve, Jerome Powell, agreed to return unused funds from the Coronavirus Crisis Fund to the Treasury.
According to the "Russia Today" website, it is clear from the letter that Powell sent, to Finance Minister Stephen Mnuchin. The talk is about a large sum of money, close to 455 billion dollars.
It is noteworthy that the US Congress previously approved the allocation of $ 2.2 trillion to stimulate the country's economy affected by the global pandemic, and $ 500 billion of it has been allocated. To create various emergency lending mechanisms through the Federal Reserve. In addition to providing loan guarantees.
Noting that these emergency measures helped calm stock markets and stock markets. But in all cases, a small portion was used.