Mnuchin denies trying to hinder incoming administration
November 20, 2020
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin denied that he is attempting to limit the choices President-elect Joe Biden will have to promote an economic recovery by ending several emergency loan programs being run by the Federal Reserve.
Mnuchin said his decision was based on the fact that the programs were not being heavily utilized. He said Friday that Congress could make better use of the money by re-allocating it in another direction to support grants to small businesses and extended unemployment assistance.
"We're not trying to hinder anything," Mnuchin said in a CNBC intervi...