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Senate to end debate, vote on small-business aid bill
(CNN) – The Senate is scheduled to vote Thursday on ending a debate on a bill that it says will aid small businesses and result in the creation of 500,000 jobs.
Lawmakers will then vote on its final approval, said Senate Majority Leader Harry Reid, D-Nevada.
According to a summary of the Senate bill, the measure would also authorize the creation of a $30 billion fund run by the Treasury Department that would deliver ultra-cheap capital to banks with less than $10 billion in assets.
The idea is that community banks do the lion's share of lending to small businesses, and pumping capital into them will get money in the hands of Main Street businesses.
On Wednesday, President Obama slammed GOP congressional leaders for trying to block the bill. Full Story
Craigslist says no plans to resume sex ads in the United States
(CNN) – Craigslist has "no plans" to resume running adult services ads that contribute to child sex trafficking in the United States, an official with the online advertising site told a House panel Wednesday.
However, the erotic services ads remain available to Americans on the company's foreign sites, including its Canadian site, acknowledged William "Clint" Powell, the director of customer service and law enforcement relations at Craigslist.
Powell's remarks to a House Judiciary subcommittee responded to testimony that the internet has greatly expanded child prostitution and child sex trafficking. In particular, witnesses cited online advertising sites such as Craigslist and backpage.com as facilitating the ability of people to hire child prostitutes.
In late August, attorneys general in 17 U.S. states banded together to urge Craigslist to discontinue its adult services. Full Story
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