The Senate passed long-delayed legislation designed to open up credit to small businesses and award them with incentives to expand and hire new workers.Β Democrats, joined by two Republicans, won a 61-38 vote to pass the legislation. The measure would establish a $30 billion government fund to help open up lending for credit-starved small businesses, cut their taxes and boost Small Business Administration loan programs. Finally, a win for the Democrats and small businesses. Will it be enough to save them during the elections? Hope springs eternal.
Read more at Yahoo News.
Suggested Reading
Straight From
Sign up for our free daily newsletter.