Congress Sends $40B Small Business Bill to Obama

September 24, 2010  |  

(The Grio) — The Democratic-controlled Congress on Thursday sent President Barack Obama a long-delayed bill to help struggling small businesses with easier credit and other incentives to expand and hire new workers.

The $40 billion-plus bill is the last vestige of the heralded jobs agenda that Obama and Democrats promoted early this year. They ended up delivering only a fraction of what they promised after emboldened Senate Republicans blocked most of the agenda with delaying tactics.

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