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Nov 20, 2020

U.S. Treasury tells the Fed it wants some of its money back

The rift between the Fed and the Treasury has to do with emergency pandemic lending programs. Plus, Wendy’s is buying 400 fast food joints from a bankrupt franchisee. And, the challenges transgender people are facing in the COVID economy.

Treasury Secretary Steven Mnuchin and Federal Reserve Board Chair Jerome Powell testify during a Senate Banking Committee hearing on Capitol Hill on Sept. 24, 2020 in Washington. — Treasury Secretary Steven Mnuchin and Federal Reserve Board Chair Jerome Powell testify during a Senate Banking Committee hearing on Capitol Hill on Sept. 24, 2020 in Washington.
Drew Angerer/Getty Images

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Segments From This Episode

Mnuchin rejects renewal of some Fed emergency loan programs
by Associated Press
GREG BAKER/AFP/Getty Images
Mnuchin said that he is requesting that the Fed return to Treasury the unused funds appropriated by Congress for operation of the programs.
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Wendy’s looks to flip nearly 400 restaurants with bid to buy them from bankrupt NPC
by Andy Uhler
Frederic J. Brown/AFP via Getty Images
The fast food burger chain wants to keep the restaurants from going to its direct competitors
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Trans workers face bias, barriers that affect income as pandemic lingers
by Erika Beras
The Gender Spectrum Collection
Before the pandemic, Black trans workers faced the most economic challenges of any group in the U.S.
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Music from the episode

The Team

David Brancaccio Host
Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Jay Siebold Technical Director
Meredith Garretson Morbey Senior Producer
Alex Schroeder Producer
Erika Soderstrom Producer
Rose Conlon Producer
Brian Allison Technical Director

U.S. Treasury tells the Fed it wants some of its money back