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NJ Spotlight News | EDA rolling out a new loan program for small business | Season 2021

New program will provide up to $50,000 for businesses with 10 or fewer full-time employees
The video at the provided URL is a business report segment from PBS NewsHour, focusing on several key economic issues. It discusses the Federal Reserve's decision to raise interest rates by a quarter percentage point, marking the highest rate in 15 years, aimed at curbing inflation while trying to avoid a recession. The report also covers the ongoing U.S. debt ceiling negotiations, highlighting the potential economic consequences of a default if an agreement is not reached. Additionally, it touches on the labor market, noting a slight increase in unemployment claims but still indicating a robust job market. The segment concludes with a brief mention of the impact of these economic factors on consumer spending and confidence.

Read the Full PBS Article at:
[ https://www.pbs.org/video/business-report-1636662870/ ]