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Fed's expanded lending program opens funding to oil and gas industry
The Hill: Changes to a new lending program from the Federal Reserve have paved the way for the oil and gas industry to get government financing amid the pandemic.
The expanded criteria to qualify for the soon-to-be Main Street Lending Program follows requests from Sen. Ted Cruz (R-Texas) and an industry group for small and mid-sized oil producers who said financing was needed to save the industry from bankruptcy.
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