Small Business Lending Measure Clears Filibuster
(The Grio) — A measure creating a $30 billion fund to help community banks increase lending to small businesses overcame a Republican filibuster Tuesday night in the Senate. Democrats projected that banks would use the fund to leverage up to $300 billion in loans to small businesses, helping to loosen tight credit markets. The measure, supported by President Barack Obama, will be added to a bill providing a series of tax breaks aimed at small businesses, which could come up for a vote in the Senate next week. The House approved a similar lending fund in June.
SEE ALSO
- Boop, There It Is! Tony Nominee Jasmine Amy Rogers Is Making History As Broadway’s First Black Betty Boop — And She’s Just Getting Started [Exclusive]
- Gym Etiquette 101: 10 Rules Every Respectful Member Should Follow
- Diddy’s Sex-Trafficking Trial Kicks Off: Defense Says ‘Baby Oil’ Isn’t A ‘Federal Crime’ As Hotel Security Takes the Stand
- Protected: The Sound Of Movement: Ledisi Reflects On The Power Of Protest Music And Self-Love In ‘The Crown’
- Celebrity Hairstylist Dee Michelle Talks Hair Health & Her Invisible K-Tip Method