Finance

    Finance

    Small Business Lending Plan Blocked in Senate

    Published July 29, 2010

    | Reuters

    Senate Republicans on Thursday blocked a $30-billion plan to help community banks boost lending to small businesses, dealing a blow to President Barack Obama's election-year battle to reduce unemployment.

    Tempers ran high as Democratic leaders failed to muster the 60 votes needed to advance the measure to passage. Republicans were upset that Democrats shut them out from offering a number of amendments to the package, that also includes about $12 billion in tax breaks small businesses.

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    • "Ask lots of questions and listen to the advice of others but make your own decisions.When I was in school I was never really afraid to ask for a favor. If a professor had the knowledge to help me out I would go and bug that professor. If there was a graduate student, I would go and bug that graduate student. When there were tutors, I would be in a tutor’s office until they would kick me out. It was all about putting in the time for me."

      - Perry Raso, Founder of Matunuck Oyster Farm

    August 26, 2010

    August 26, 2010Thu, 26 Aug 2010 04:00:00 GMT11:08 PM EST

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