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Mnuchin rejects renewal of some Fed emergency loan programs

by Martin CrutsingerChristopher Rugaber
| November 21, 2020 12:03 AM

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Thursday he will not extend several emergency loan programs set up with the Federal Reserve, an action that could hamper the ability of the incoming Biden administration to gain important economic support from the central bank to deal with the ongoing pandemic.

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