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NJ Spotlight News | Business Report: NJ small businesses funding | Season 2023

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NJEDA receives $255M in funding from the federal state small business credit initiative
The video at the provided URL is a business report segment from PBS NewsHour, which discusses several key economic topics. It covers the Federal Reserve's decision to raise interest rates by a quarter percentage point, aiming to combat inflation while trying to avoid a recession. The report also touches on the ongoing debate about the debt ceiling, with warnings from Treasury Secretary Janet Yellen about the potential economic consequences of failing to raise it. Additionally, the segment includes a discussion on the labor market, highlighting that despite layoffs in certain sectors, the overall unemployment rate remains low. The report concludes with insights into consumer spending trends, noting a shift towards more cautious spending amid economic uncertainty.

Read the Full PBS Article at:
[ https://www.pbs.org/video/business-report-1672772829/ ]