Mnuchin, Powell testify to Senate panel about small-business lending effort

Treasury Secretary Mnuchin and Fed Chairman Powell testified to a Senate committee on Tuesday in their first quarterly report on the government’s multi-trillion-dollar rescue aid for households and businesses.

  • Powell said that the Fed’s lending programs for medium-sized businesses and state and local governments would begin operating by the end of this month.
  • Under sharp questioning, Mnuchin defended the administration’s support for reopening the economy in many states, which he said would be done safely.


More Videos

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up