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Trump administration’s scorched-earth policy that could destroy economy on way out – Newshub

“The Trump administration is seeking to debilitate the economic recovery as much as possible.”

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The programs “have clearly achieved their objective,” Mnuchin wrote in his letter to the Federal Reserve. “Markets responded positively, spreads tightened, and banks continued lending.”
Mnuchin said legislation intended the programs to expire on December 31, 2020.
“As such, I am requesting that the Federal Reserve return the unused funds to the Treasury.”
President-elect Joe Biden will appoint a new Treasury secretary who will be able to reauthorise the programs, but this won’t be doable until late…

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