Obama Administration's Program to Ease Credit for Small Business Owners

Posted by: Nick Leiber on March 16, 2009

President Barack Obama and Treasury Secretary Timothy Geithner are scheduled to announce a program at noon today at the White House that includes reducing small-business lending fees and increasing the guarantee on some Small Business Administration loans, a spokesperson for the SBA confirmed. The Wall Street Journal has a story today about a study by the Government Accountability Office that suggests there is insufficient oversight in place for the program.

Check back for more on the program this afternoon.