September 28, 2010 Following lengthy debate, the President signed a bill on Monday focused on boosting credit availability for small businesses and encouraging near-term capital expenditures. While credit availability improved markedly for large companies in recent quarters, lending loosened only modestly for small businesses, limiting the economic expansion. The Small Business Jobs and Credit Act [...]
September 10, 2010 Though consumption and retail sales have made significant headway toward recovery this year, the 6.3 percent decline in consumer credit since July 2008 will remain a drag on economic growth and job creation through the rest of 2010. Top-tier borrowers retain access to credit, but these lower-risk consumers continue to impose austerity [...]
August 27, 2010 Following the expiration of the homebuyer tax credit, sales of both new and existing homes fell dramatically in July, demonstrating the challenges faced by the housing market as it transitions away from government-stimulated purchases. Buyers who rushed to place homes under contract prior to the April 30 expiration of the tax credit [...]
