WASHINGTON—President-elect Joe Biden’s transition team sharply criticized Treasury Secretary Steven Mnuchin’s decision to allow funding for several emergency Federal Reserve lending programs to expire, escalating a political fight.
“The Treasury Department’s attempt to prematurely end support that could be used for small businesses across the country when they are facing the prospect of new shutdowns is deeply irresponsible,” said Kate Bedingfield, a Biden spokeswoman, in a statement Friday.
The…
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