Washington Post, By: Sharon McLoone
The chairwoman of the House Small Business Committee is cautiously optimistic about the move by the Federal Reserve today to provide up to $200 billion to investors who put the money toward small business and consumer lending...
Sen. John Kerry (D-Mass.), who heads his chamber's small business committee, said today's move by the Treasury signals an acknowledgment from the administration that federal help is needed for small businesses.
"The frozen lending market has left small businesses in the cold as we face the holiday rush," said Sen. Kerry. "I'm glad the secretary has taken our warnings seriously and taken this step forward. It should provide some needed relief at a critical time. We hope small businesses will continue to get the help they deserve as further steps are taken to repair our ailing economy."
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