Economics

Mnuchin Says Small Business Loans Up and Running This Week

  • Workers will see direct deposit or checks in about three weeks
  • Head of BIS says banks worldwide should suspend dividends

Pedestrians walk past a boarded up Lori's Diner in San Francisco, California, U.S.

Photographer: David Paul Morris/Bloomberg
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Treasury Secretary Steve Mnuchin said he expects to have a small business loan program up and running in the coming week while workers can expect aid from the $2 trillion stimulus package in the form of direct deposits or checks in about three weeks.