Five Democratic Senators today gave back-to-back speeches on the Senate floor discussing the need to focus on small businesses when considering health care reform. Without the right reforms, small businesses will pay nearly $2.4 trillion over the next ten years in health care costs for their workers, according to a report by the Small Business Majority.
A senior House Democrat says the government didn't force Bank of America to take over Merrill Lynch, but a bank board member said much pressure was applied and Republicans charged that a committee inquiry was covering up the role of an Obama administration official.
In a positive sign that General Motors Co.'s restructuring is off to a good start, the company Monday said it would begin repaying U.S. government loans later this year, ahead of what is required, and that it generated $3.3 billion in cash during the third quarter after emerging from bankruptcy.
Take a nation of retailers on edge about falling sales. Toss in a crowd of bargain-hungry consumers addicted to deals. Keep them apart for hours before dawn with only a glass door separating them, and you have the makings of a Black Friday calamity.