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Federal Reserve extends crisis lending programs to year-end

By Jay Heflin
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Federal Reserve extends crisis lending programs to year-end

The Federal Reserve on Tuesday extended several lending facilities to the end of the year that were originally scheduled to expire around Sept. 30.

Included in this extension is the Paycheck Protection Program Liquidity Facility, which ultimately provides the money for loans to small businesses negatively affected by the coronavirus.

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Business Federal Reserve News PPP Steven Mnuchin