Small Business Assistance Bill to Spur Hiring

According to the NY Times, new legislation aimed at providing loans and tax breaks to small businesses is almost certain to pass the Senate this week.  The House is also expected to approve the bill quickly, while President Obama has already given it his strong support.

The new $30 billion lending program is designed to allow banks to make low-risk loans to small businesses with government backed financing.  Easier loans would allow small business the growth necessary to spur new hires.

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