The Senate has passed a bill to create a $30 billion U.S. government fund to help open lending for credit-starved small businesses, cut their taxes and boost federal loan programs for them. The 61-38 tally rewards President Barack Obama and his Democratic allies in Congress Hill with a long-sought victory and sets the stage for a final vote in the House, which is likely to approve it for Obama’s signature.
Filed under: Politics
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Sep. 9, 2010 at 5:29 p.m.
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Filed under: Computers, Defense, Policy, Politics, Privacy issues Cybercrime bill on list for passage this year
Capitol Hill staffers have made progress stitching together cybersecurity proposals into a huge bill, aides said, with Senate leadership putting it on their short list for passage this year. Get the full story »
Sep. 8, 2010 at 4:25 p.m.
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Filed under: Airlines, Airplanes, Airports, Banking, Policy, Politics City council gives final approval to O’Hare bonds
The Chicago City Council gave final approval on Wednesday to $1 billion of revenue bonds to continue expanding O’Hare International Airport.
But the two major carriers at the airport are not saying if they plan on fighting the debt sale.
A spokesman for American Airlines said there was “no comment at this time.” Get the full story »
GOP leader urges 2-year freeze on tax rates
U.S. House of Representatives Republican leader John Boehner called Wednesday for a two-year freeze on all current U.S. tax rates, including Bush-era tax cuts for the rich set to expire at the end of this year. Get the full story »
Aug. 31, 2010 at 5:29 p.m.
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Filed under: China, International, Policy, Politics, Tourism, Trade, Travel Daley, business leaders going to China, South Korea
Mayor Richard Daley will travel to China and South Korea next month to promote Chicago as a destination for businesses and tourists.
The Sept. 18-24 trip will be sponsored by the Chicagoland Chamber of Commerce and World Business Chicago. The mayor will make stops in Shanghai, China, and in the cities of Busan and Seoul in South Korea.
Bernanke: Fed will act if economy falters
Federal Reserve Chairman Ben Bernanke said Friday that the Fed will consider making another large-scale purchase of securities if the slowing economy were to deteriorate significantly and signs of deflation were to flare.
Daley weighs privatizing Taste of Chicago, recycling
Mayor Daley announced today that the city will look into privatizing the city’s recycling program and lakefront festivals — potentially including Taste of Chicago — to close a $655 million budget hole.
Politics, job rates shake millionaires’ confidence
The Spectrem Millionaire Investor Confidence Index fell to its lowest level in more than a year in August as wealthy U.S. investors worried about politics and unemployment, according to Spectrem Group.
The index fell 11 points in August to -18, its lowest level since June 2009, when it fell a record 18 points to -20 shortly after the S&P 500 index hit a 12-year low. Get the full story »
