Republicans block small business lending bill

 
By STEPHEN OHLEMACHER, Associated Press Writer
Published: July 29, 2010

WASHINGTON (AP) — Senate Republicans blocked a bill to increase small business lending Thursday, dealing a setback to President Barack Obama 's jobs agenda.

The bill would create a $30 billion government fund to help community banks increase lending to small businesses, combining it with about $12 billion in tax breaks aimed at small businesses. Democrats say banks should be able to use the lending fund to...


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