U.S. Treasury Secretary Mnuchin: Congress should reappropriate PPP funding

Market news

1 December 2020

U.S. Treasury Secretary Mnuchin: Congress should reappropriate PPP funding

Says Congress should provide restaurant industry grants, not loans
Urges Congress to provide another $300 billion for Paycheck Protection Program (PPP)
Says decision to not to extend Fed's COVID lending facilities was not an economic decision

European stocks closed: FTSE 100 6,384.73 +118.54 +1.89% DAX 13,382.30 +91.14 +0.69% CAC 40 5,581.64 +63.09 +1.14%

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