The U.S. Small Business Administration faces a 45 percent drop in funding under President Barack Obama’s budget request after receiving extra funding in economic stimulus legislation.
Federal Reserve Chair Janet Yellen said the U.S. economy has further to go to achieve full health and predicted small businesses will play a vital role in the recovery.
The White House is considering two community bankers to fill an open seat on the Federal Reserve’s Board of Governors, according to two people with knowledge of the process.
U.S. retail sales probably increased in April after posting the largest monthly gain since September 2012, data in the coming week may show.
U.S. retail sales probably increased in April after posting the largest monthly gain since September 2012, data this week may show.
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