Obama Renews Push for $30 Billion Small Business Plan
WASHINGTON (Reuters) - President Barack Obama is to renew a push on Tuesday to persuade the U.S. Congress to approve a $30 billion plan to spur lending to small businesses and trigger job creation.
Obama, who has been criticized for not doing enough to generate job growth, proposed the plan back in February. The proposal has faced questions as to whether or not it would work.
During the worst recession in decades, many small businesses reported having trouble getting credit.