(Bloomberg) -- Treasury Secretary Steven Mnuchin on Thursday said he had asked the Federal Reserve to return unused coronavirus stimulus money, rejecting the central bank’s request for a 90-day extension for four emergency lending programs.
All emergency programs created by the Cares Act, the stimulus President Donald Trump signed earlier this year, will expire by Dec. 31, Mnuchin said in a statement.
Fed Chairman Jerome Powell had requested an extension of the Commercial Paper Funding Facility, the Money Market Liquidity Facility, Primary Dealer Credit Facility, and the Paycheck Protection Program Liquidity Facility.
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