Obama urges expanded SBA loans to spur small business growth
President Obama asked Congress to temporarily raise SBA Express loan caps from 350000 to 1000000 and broaden refinancing for owner occupied commercial real estate. He proposed 30 billion to community banks, a 5000 tax credit per new job, and capital gains relief for 2010 to boost job creation.
MENTIONED IN THIS ARTICLE
Lanham
Barack Obama
Congress
Obama
Ind
Small Business Administration
Maryland
White House
SBA
Scott Brown
Edward M. Kennedy
Massachusetts
Obama admits health care overhaul may die in Congress
President Obama acknowledged the health care overhaul may fail in Congress as Democrats face a filibuster sensitive Senate and focus on jobs and the economy. He urged a methodical open process, allowed that elections later could decide the issue, and noted Republicans’ resistance could slow action. The bill stalled after Scott Brown’s Massachusetts Senate victory.
MENTIONED IN THIS ARTICLE
Obama
Congress
Washington, D.C
Barack Obama
Democratic National Committee
White House
Senate
Scott Brown
Massachusetts
U.S. Senate
Brown
DNC
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