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Obama to aid small businesses

From NBC's Athena Jones
Per an administration official, President Obama tomorrow will visit a small business in Maryland, where he will announce a package of initiatives that will increase credit to small businesses.

The proposal will increase the caps for existing Small Business Administration loans and give smaller banks better access to TARP funding to encourage more lending to small business.


Video
: Jared Bernstein, chief economist and economic policy adviser to Vice President Biden discusses President Obama's plan to announce an increase in credit and lending to small businesses.