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Details of how these plans would work are unclear. Democrats stated the brand-new bill would offer Mnuchin and the Fed total discretion about how the cash would be dispersed, with little openness or oversight. They slammed the proposition as a "slush fund," which Mnuchin and Donald Trump could utilize to bail out favored companies. News outlets reported that the federal government would not even need to identify the aid recipients for approximately 6 months. On Monday, Mnuchin pressed back, stating people had misinterpreted how the Treasury-Fed collaboration would work. He may have a point, however even in parts of the Fed there might not be much enthusiasm for his proposition.
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