(Bloomberg) — Treasury Secretary Steven Mnuchin said he’s considering the creation of a government lending program for U.S. oil companies, which are looking for federal aid as they cope with a devastating plunge in prices.“One of the components we’re looking at is providing a lending facility for the industry,” Mnuchin said in a Bloomberg News interview on Thursday. “We’re looking at a lot of different options, and we have not made any conclusions.”The program would be run out of the Federal Reserve, according to a person familiar with the matter. The administration is also considering taking financial stakes in exchange …read more
Source:: Yahoo Finance
