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VOL. 44 | NO. 10 | Friday, March 6, 2020

Mnuchin signals support for slumping sectors

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NEW YORK (AP) — Treasury Secretary Steven Mnuchin said Wednesday that a top priority for the Trump administration is to provide support for businesses that have been adversely affected by disruptions from the virus.

Testifying before a House Appropriations subcommittee, Mnuchin said the administration was looking to increase lending by the Small Business Administration "dramatically" to help small and medium-sized business.

Mnuchin said the administration was also exploring ways to provide support to airlines, cruise ship lines, hotels and other businesses in the travel industry that have been hurt by a sharp drop in travel. Those industries have been among the biggest losers in the recent sell-off on Wall Street.

He said the administration was also working with Congress to find ways to reimburse workers who lose days off work because they are sick or are staying home to self-quarantine.

The stock market is waiting to hear details of the administration's plan to shore up the economy in the face of the threat from the virus. The lack of a formal plan is contributing to the wild swings on Wall Street this week.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0