Debt Ceiling Could Have Serious Consequences for Main Street
Experts warn that a government default could leave small businesses in a catch 22 in which they have to contend with decreasing sales and banks that are less willing to lend money to help them cover the losses.
Source: NBC News
Senators Make Bipartisan Effort to Boost CDFI Liquidity
Sens. Mark R. Warner, D-Va., and Mike Crapo, R-Idaho, reintroduced the Scaling Community Lenders Act, which would allocate roughly $100 million in assistance to eligible pilot programs through the federal CDFI Fund.
Source: American Banker
Biden-Harris Administration Doubles Down on Supplier Diversity
The U.S. General Services Administration (GSA) and the White House Office of Management and Budget (OMB) recently launched two resources for federal agencies to find businesses that are new to the federal marketplace, identify qualified vendors, and track their progress toward equity in procurement goals.
Source: U.S. General Services Administration