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Toomey initially demanded that a stimulus package prohibit the expiring lending programs, or anything “similar” to them, from being re-created in the future. Toomey said he was wary that the programs could transform the Fed into a lender of “first resort” instead of “last resort,” depending on how they are used. Speaking on the Senate floor on Saturday, Toomey said Democrats could, for example, use the programs to bail out local governments or significantly broaden the scope of the Main Street lending program, which provides loans to midsize businesses.