Obama To Shift Bailout Emphasis To Small Business

With large institutions out of danger, the $138 billion left in the Troubled Asset Relief Program will help provide capital for what the president calls 'the backbone of the American economy.' President Obama said today that he will shift spending of the government's multibillion-dollar financial bailout away from large financial institutions and toward smaller banks in an effort to bolster small business, which he says forms "the backbone of the American economy."

 

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