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US TSY DEPT: Treas Sec Mnuchin in TV interviews......>

US TSY DEPT: Treas Sec Mnuchin in TV interviews this morning, hitting hard on
potential 'inappropriate' use of the Paycheck Protection Program (PPP) by some
companies, saying that there will be a full audit of every loan over $2mln, and
that borrowers taking loans improperly could face criminal liability.
- Says that it it 'highly unlikely' that the Fed would buy equities, and that
there will not be a federal bailout for the states that mismanaged their
finances prior to the COVID-19 breakout.

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