Treasury to Buy SBA Loans

  Government, Politics and the Economy Treasury to Buy SBA Loans The Treasury Department is finalizing its plans for a $15 billion initiative to stimulate SBA lending by using federal bailout money to buy up SBA loans. WashingtonPost.com Global Warming Bill Will Hit Homeowners and Small Business the Hardest A Heritage Foundation analysis of the Waxman-Markey global warming bill predicts the bill will result in sky-high costs averaging $393 billion annually and destroying over a million jobs from 2012 to 2035. Heritage.org Management and Operations [Read Full Article]


Small Business: Cut Payroll Taxes for a Quick Stimulus

  Government, Politics and the Economy Small Business Groups: Cut Payroll Taxes to Help Small Business A plan under consideration by the White House to redirect TARP money from the financial industry to the small-business sector is getting a lukewarm reception from small-business advocacy groups who say that a payroll tax break could bring faster relief to struggling entrepreneurs. WSJ.com CreditSights: CIT May Need as Much as $6 Billion to Avoid Bankruptcy CIT Group Inc., the troubled 101-year-old small business lender, may need as much as $6 billion to avoid bankruptcy after the government refused to give the firm another bailout. Bloomberg.com ... [Read Full Article]


Obama Nominates a Business Moderate to the Supreme Court

  Government and Economy Sotomayor: A Business Issue Moderate President Obama's Supreme Court nominee, Sonia Sotomayor, has a mixed record on the issues important to the business community. BusinessWeek.com Emergency Loans: Will the Banks Go Along? The SBA is preparing to launch its long-awaited emergency loan program for debt-burdened businesses. However, the potential lenders are a bit wary and are asking for more details before they commit to participating. CNNMoney.com Consumer Confidence Jumps on Jobs Outlook [Read Full Article]


Community Banks: Safe and Profitable

  Government and Economy Is Obama Anti-Business? The weekly assault on business by President Obama is becoming a fixture of this administration, or is it, as some Democrats say, merely an assault on business-as-usual? Yahoo.com/USNews & World Climate Bill: It's On Its Way There is a compromise in the works on carbon caps and while it may not garner Republican votes, it could bring skeptical Midwestern and Southern Democrats on board. BusinessWeek.com [Read Full Article]


Obama Small Business Plan Withering Under Lender Regulations

  Government and Economy Small Business Committee Chair Urges New SBA Chief to Spur Lending The chairman of the House Committee on Small Business is urging the new head of the Small Business Administration to try to jump-start lending by using previously unused provisions in the economic stimulus bill. WashingtonPost.com Plan to Aid Small Businesses Withering Under Lender Regulations The Administration's Unlocking Credit for Small Businesses Plan may fail due to a lack of participation from lenders. The plan subjects lenders to executive pay caps and provisions of the 2008 EESA. Lenders cite these as... [Read Full Article]


Small Business Speaks: Tax Cuts Are Better Than TARP

  Government and Economy Survey: Entrepreneurs Prefer Tax Cuts to TARP According to a survey released by online payroll company SurePayroll, Many small business owners believe that tax cuts would be better than spending more money on the Treasury's Troubled Assets Relief Program (TARP). Obama Preparing to Sign Stimulus Bill While not ruling out a second economic stimulus plan, President Obama flew to Denver to sign into law his $787 billion economic stimulus plan, which he promises will spur consumer spending and create millions of jobs. Management and Financial Issues [Read Full Article]


Stimulus Plan Lacks Support in Senate, Obama Foresees Catastrophe if it Fails

Government and Economy Senate: Insufficient Votes on Stimulus BillSenate Democrats concede that they lack the votes they need to pass the stimulus bill as currently written. They say that they will seek to cut provisions that would not immediately boost the economy in order to gain the additional support they need. Obama: Failure to Pass the Stimulus Bill Would be “Catastrophic” With Republicans working to reduce President Obama's ballooning economic stimulus plan, the President warned of “a catastrophe” if the bill is not passed quickly. [Read Full Article]