US Treasury Secretary Mnuchin is testifying before the Senate Banking Committee in a hearing entitled “The Quarterly CARES Act Report to Congress.” Key takeaways “Treasury wants to make sure that all companies have access to funding that are not eligible through current programs.” “Treasury has a scenario within the Main Street lending program in which it loses all its capital and scenarios that show opposite.” Treasury anticipates it will take some losses on Fed’s lending programs.” “We want a bipartisan technical fix to the 8-week period to ensure more flexibility under the paycheck protection program.” Market reaction Market sentiment seems to have improved slightly in the last hour. As of writing, the S&P 500 and the Nasdaq COmposite were up 0.12% and 0.72%, respectively. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Price Analysis: BTC/USD locked in a tight range, breakthrough is imminent – Confluence Detector FX Street 2 years US Treasury Secretary Mnuchin is testifying before the Senate Banking Committee in a hearing entitled “The Quarterly CARES Act Report to Congress.” Key takeaways "Treasury wants to make sure that all companies have access to funding that are not eligible through current programs." "Treasury has a scenario within the Main Street lending program in which it loses all its capital and scenarios that show opposite." Treasury anticipates it will take some losses on Fed's lending programs." "We want a bipartisan technical fix to the 8-week period to ensure more flexibility under the paycheck protection program." Market reaction Market sentiment seems… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
