Secret Site Map
Wednesday, August 20, 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

Mosquitoes 'Smell' and 'Taste' DEET and other Repellents

Mosquitoes not only have a sense of smell for certain insect repellents, but they also have a sense of taste for these chemicals, according to scientists at the U.S. Department of Agriculture (USDA).

California Movie Theater Closes Due to Bed Bug Concerns

A bed bug infestation has shut down Lodi Stadium 12 Cinemas Sunday afternoon until Tuesday after concerns from customers were raised on the theater's Facebook page.

European Bee Health Levels Improve, Bayer Reports

New field data from nearly 400,000 bee colonies from 21 countries in Europe and the Mediterranean show that overwintering losses of honey bee colonies – a leading indicator of general bee health – are at their lowest level in years.

Ford Launches New Transit Van

Company brings ‘the pick-up truck of Europe’ stateside to replace its E-series platform.

Bees are No. 1 Bug Killer of Workers, Labor Department Reports

Bees were responsible for more workplace deaths (52) than spiders, wasps and ants combined, according to a new U.S. Labor Department report.