S’pore Mint selling 2021 Year of the Ox…
SG’s stance stays in US-China clash
K-pop girl group Aespa smashes YouTube…
Biden calls for national mask mandate to…
Watch live tonight: Rocket Lab to at…
Dragon’s Dogma 2, Street Fighter 6…
Southeast Asia Virus Hotspots Indonesia…
How Many People Can You Safely Have Over…
McDonald’s Is Open On Christmas So You Can…
Get a First Look at the 2023 GMC Hummer…
United says more people are canceling…
‘No more virus aid until next budget’
Jeremih still in critical condition as he…
Can a Chinese city improve country’s…
Pfizer/BioNTech to seek emergency vaccine…
Roblox goes public so that it can build a…
Roblox goes public so that it can build a…
Judge nixes lawsuit challenging California…
I cooked an entire Thanksgiving dinner…
Villarreal femenino: Another 3 points with…
The evocative music that inspired my…
Apple Reduces App Store Fees For Small…
PEOPLE names BTS’ Jungkook Sexiest…
Mexico close to grim milestone of 100,000…
RadioShack will live forever as a zombie…
Dear Microsoft, Here’s Our Xbox Series X…
Gulfstream president sees Q4 deliveries as…
The #1 Fruit Hack for Maximum Weight Loss
These Thanksgiving Leftovers Ideas Are…
The Biggest Training Ground Bust Ups in…
Jeep Compass facelift previewed ahead of…
Book your next flight on Christmas Day
SG: 6 biz we had to bid farewell to
Are we going to run out of television…
Megan Thee Stallion says her Fashion…
Alleging sex abuse, 4 sue Vatican over…
Scott Morrison signals retreat on using…
Cyberpunk 2077 has a ‘streamer mode’ that…
SPH REIT appoints Trina Loh as new board…
Mental Health Care Is Crucial For Trans…
This cornbread dressing will be the…
What Pep Guardiola Needs to Do at Man…
S’pore Mint selling 2021 Year of the Ox collectible coins
SG’s stance stays in US-China clash
US Treasury Secretary Steven Mnuchin on Thursday said he had declined to extend emergency lending facilities established with the Federal Reserve aimed at countering the coronavirus downturn.
The decision, which prompted a protest from the central bank, means the facilities aimed at the inner workings of the US financial system will expire at the end of the year.
“I was personally involved in drafting the relevant part of the legislation and believe the Congressional intent as outlined in Section 4029 was to have the authority to originate new loans or purchase new assets (either directly or indirectly) expire on December 31, 2020,” Mnuchin said in a letter to Fed Chair Jerome Powell.
Minutes after Mnuchin’s announcement, the Fed sent out its own statement, saying it “would prefer that the full suite of emergency facilities established during the coronavirus pandemic continue to serve their important role as a backstop for our still-strained and vulnerable economy.”
As Covid-19 intensified in the United States in March, the Federal Reserve announced a slew of new lending facilities meant to stop financial markets from freezing up as the economy was disrupted by business shutdowns ordered to stop the virus’s spread.
Some of these were backed by funds from the $2.2 trillion CARES Act authorized by Congress, including programs targeted at the corporate credit market, municipal lending and small and medium-enterprises through the Main Street Lending Program.
These are the programs Mnuchin said would not be extended after the end of the year, and requested that the Fed return $455 billion in unused funds allocated for them.
He did however approve 90-day extensions for four programs including those related to major financial institutions known as primary dealers, commercial paper, which finances things like auto loans and home mortgages, as well as the Paycheck Protection Program of loans and grants to small businesses.
Why Is China so Attractive for People?
As Singapore pushes towards being a Smart Nation and tech giants set up their regional bases here, we need more tech talent. The post New S’pore Tech Pass To Woo Foreign Talent – Here’s How We Can Step Up To Groom Locals Instead appeared first on Vulcan Post.
Candidates will receive their results from their respective primary schools from 11.00 am on 25 November. The post PSLE Results To Be Released On Nov 25, Students To Collect Results In Classrooms appeared first on theAsianparent – Your Guide to Pregnancy, Baby & Raising Kids.
Singapore – A hearse transporting a coffin collided head-on with a taxi after veering into the opposing lane along Mandai Road. Consequently, another van following the cab failed to hit the brakes on time, thus causing a chain collision. On Wednesday (Nov 18), Facebook page ROADS.sg uploaded photos of the accident which happened on Nov […]
Singapore – Members of the public are expressing concern over the S$100 tourism vouchers noting vendors will mark-up prices at the same time. All eligible Singaporeans aged 18 and above will be given S$100 worth of vouchers for staycations or local tours and leisure attractions. The coupons will come in denominations of S$10 and will […]
The Standard Chartered Smart Credit Card offers more cashback, discounts and other benefits for online shopping, e-wallet top-up or travel. The post You Should Consider This New Credit Card If You Shop Online & Love E-Wallet Offers appeared first on Vulcan Post.