The Federal Reserve and Treasury Department disagreed over how easy loan terms should be while crafting their $600 billion Main Street Lending Program meant to help support businesses through the early stages of the coronavirus pandemic, The Wall Street Journal reports.
The differing viewpoints slowed the program's start before it opened this past week, current and former government officials told the Journal. While the disagreements were over narrow design issues, the Journal notes it reflects a broader difference in approach by the two agencies.
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