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Mnuchin Asks for Equity Stakes in Exchange for $17 Billion Aid

  • Loan application posted for firms key to national security
  • Congress provided aid as part of $2.2 trillion virus package
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Mnuchin Looking at Lending Program for Struggling Oil Companies

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Treasury Secretary Steven Mnuchin will require public companies deemed critical to national security that seek a share of $17 billion in virus-related relief to offer an equity stake to the government.