17 Mar Obama acts to aid small businesses
Posted at 14:33h in Digest, Entrepreneurs 0 Comments
WASHINGTON — The Obama administration said on Monday that it would try to ease a credit squeeze afflicting small businesses by buying up to $15 billion of securities that are linked to small-business loans.
Speaking to an audience of small-business owners at the White House, President Obama said the actions would encourage lenders to make more money available to entrepreneurs and spur renewed economic growth in a vital sector of the economy.
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