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Obama to sign $42 billion bill aimed at helping small businesses
(CNN) - President Obama will sign a $42 billion bill to aid small businesses Monday. The bill seeks to create thousands of jobs and will offer about $12 billion in tax breaks.
Last week, the House of Representatives approved the Small Business Jobs Act by a 237-187 vote.
The measure is also expected to create 500,000 jobs, according to a summary of the bill from the Senate.
Among other things, it would 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.
Televangelist Eddie Long: 'I'm going to fight' sex allegations
Lithonia, Georgia (CNN) - Baptist televangelist Eddie Long said Sunday he will fight allegations that he coerced young male church members into having sex with him.
"I am not the man that has been portrayed on television," he told his congregation.
Speaking publicly about the accusations for the first time, Long did not address the specific allegations contained in four lawsuits filed against him earlier this week.
"I've been accused, I'm under attack," he said, lowering his head and softening his voice behind the pulpit at the New Birth Missionary Baptist Church in suburban Atlanta.
"I want you to know, as I said earlier, that I am not a perfect man. But this thing, I'm going to fight," he said. "I feel like David against Goliath, but I've got five rocks and I haven't thrown one yet."
With that, the 57-year-old pastor put down his microphone and walked off stage, receiving deafening applause from the thousands who had come to hear him.
The lawsuits accuse Long of using his power and influence within the 25,000-member church to lure young male church members into sexual relationships. The suits allege that the relationships, which began when the men were in their teens, lasted over many months. FULL STORY
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