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(Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Thursday that key pandemic lending programs at the Federal Reserve would expire on Dec. 31, putting the outgoing Trump administration at odds with the central bank and potentially adding stress to the economy as President-elect Joe Biden organizes his administration. 
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One day after the launch of a $350 billion loan program designed to rescue millions of small businesses, technical glitches continued to cripple the process.
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On Friday, The New York Times reported that Treasury Secretary Steve Mnuchin is trying to get elite preparatory schools with large endowments to return Paycheck Protection Program (PPP) loans that were intended for small businesses as part of the coronavirus stimulus program.
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Treasury Secretary Steve Mnuchin on Sunday said that he expects Americans to be able to survive for two and a half months on just $1,200, which is about $17 per day.
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