Obama to announce new business incentives
The president will reportedly announce a plan to help small banks and businesses.
Washington, D.C. (WiredPRNews.com) – President Barack Obama will reportedly announce new incentives for small banks and businesses on Wednesday. As reported by the Associated Press (AP), Obama is expected to outline incentives for smaller institutions in an effort to reduce foreclosures and stimulate job growth.
Mark Tenhundfeld, a bankers’ association senior vice president, is quoted by the AP as stating, “Community banks feel like the government assistance efforts to date have left them on the sidelines… Given that we are now well into October, it seems probable that there would need to be some extensions.”
As noted in the report, the administration has been under pressure from Democrats to reduce bailout spending for larger institutions, and Republicans are pressing for an end to the major federal assistance program that has already provided billions in funds.
WiredPRNews.com – The latest in U.S. Presidential News
Photo Found Wikipedia: Credit: White House (Pete Souza)
Tags: bailout, businesses, community banks, democrats, government, Incentives, job growth, Obama, Republicans, small banksOnline Business News Press Release Distribution - WiredPRNews.com
- Nissan and NASA Team Up to Launch Spec Z Racing Series
- Ford Earns Recognition for Family-Friendly Selection
- White Horse Advisors Announces Asset Management Services
- SOPA Blackout Causes Sentate Backout
- Trey Prophater Joins the White Hores Advisors Team
- Hotel Social Marketing News: RezExchange Launches Direct Integration With Flip.to
- Centerpoint Direct - #1 Allworx Dealer in Atlanta / Georgia / Southeast
- Land Rover Gets a Jump on Sales in January
- David Davich Review Of Birthday Party Rental Service In Covington LA
- Durapower Global Offers Iphone 4s bumpers at Low Prices
