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Mnuchin and Powell Return to Capitol Hill: Live Updates


Here’s what you need to know: Treasury Secretary Steven Mnuchin and the Fed chair, Jerome H. Powell had also appeared before the Senate Banking Committee on Tuesday.Credit…Al Drago for The New York TimesTreasury Secretary Steven Mnuchin was quizzed for a second day by lawmakers about his decision to end some Federal Reserve emergency lending programs, with Mr. Mnuchin continuing to insist he was following congressional intent and that the effort was not political.Mr. Mnuchin decided in November to end five of the Fed’s emergency loan programs that had been backed by congressional funding — including ones …

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