Obama Team to Broaden Bailout While Frank Seeks More Accountability

Government and Economy Obama Team to Broaden BailoutPresident-elect Barack Obama's economic team is broadening the mission of the $700 billion bailout for the financial sector, aiming to unfreeze credit for homeowners, consumers, small businesses and local governments. Frank Offers New Terms for Release of Bailout FundsRepresentative Barney Frank expects the House to act soon to impose conditions on the release of new bailout funds, mandating that at least $50 billion should be used to help avoid foreclosures. [Read Full Article]


Small Business Brief for 11/11

Politics and Government Small Business Groups Press for Quick Healthcare Reform Small business advocacy groups are joining together to press President-elect Barack Obama into making healthcare reform a top priority. Democratic Gains Increase Chances of Union Card-Check Bill Passage A bill at the top of organized labor's agenda, the Card-Check Bill, now has a much better chance at passage with President-elect Obama bound for the White House and larger Democratic majorities on Capitol Hill. Economics and Labor Issues [Read Full Article]