Senate Passes Credit Legislation -- $30b Measure for Small Businesses

Summary


WASHINGTON - The Senate passed long-delayed legislation Thursday designed to open up credit to small businesses and award them with other incentives to expand and hire new workers.

Democrats won a 61-38 vote to pass the legislation, joined by two Republicans. The measure would establish a $30 billion government fund to help open up lending for credit-starved small businesses, cut their taxes and boost Small Business Administration loan programs.

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Senate Passes Credit Legislation -- $30b Measure for Small Businesses

The tally gives President Barack Obama and his besieged Democratic allies in Congress a much-soug...

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