Secret Site Map
Thursday, July 31, 2014

Home News Obama Seeks Bigger Cut for Small Business

Obama Seeks Bigger Cut for Small Business

Business

President Barack Obama unveiled plans Wednesday to refocus spending of the government's $700 billion financial bailout away from Wall Street's big financial institutions and toward small businesses on Main Street.

Staff | October 22, 2009

President Barack Obama unveiled plans Wednesday to refocus spending of the government's $700 billion financial bailout away from Wall Street's big financial institutions and toward small businesses on Main Street.

Obama said the initiatives would make it easier for smaller community banks to provide credit to small businesses, which have been hard-hit by the financial crisis. The president's plan also includes a request that Congress increase caps for existing Small Business Administration loans.

“Over the past decade and a half, America's small businesses have created 65 percent of all new jobs in the country,” Obama said. “These companies are the engine of job growth in America. They fuel our prosperity. And that's why they have to be at the forefront of our recovery.”

Click here to read the entire story.

Source: Chron.com

 

Top news

Cook’s Open House Showcases State-of-the-Art Training Facilities

Residential and commercial training centers provide hands-on educational opportunities in a “real-world” setting for technicians and sales personnel.

Bed Bugs Turn Up in Senate Office Building

The pests were found on the sixth floor of the Dirksen building last week, causing officials to take emergency measures such as closing off a restroom for a couple of days with yellow police tape, the Daily Caller reports.

'Super Ants' Discovered in London

An invasion of super ants that are attracted to electricity is feared to be spreading across the south of the country after a large nest was discovered in a house in London, metro.co.uk reports.

Mayor Dies After Wasp Attack

The mayor of a Quebec, Canada community died of anaphylactic shock after after being attacked by wasps while on vacation.

ESA Announces Newly Certified ACEs — July 2014

The Entomological Society of America (ESA) announced 16 new Associated Certified Entomologists.