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July 29, 2020

Fed extends some lending programs

WASHINGTON (AP) — The Federal Reserve will extend seven of its emergency lending programs through the end of the year, an acknowledgment that the programs may be necessary for longer than was first thought as the nation struggles to control the coronavirus.

The Fed announced the extension of the programs, past their original expiration dates of Sept. 30, at a time when a spike in confirmed virus cases has shown signs of slowing the economy.

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