Our daily blend of the latest news, trends and tips for the small business community.
What’s going ‘on’:
Obamacare ruling likely coming this week:The Supreme Court could rule on the constitutionality of the Affordable Care Act as early as Monday. Recent polls have shown small business owners are fairly split on their hopes for Court’s decision, which is one of the most anticipated since the Bush-Gore election ruling.
Obama presses student loans issue: President Obama on Thursday again urged students and their parents to pressure lawmakers to take action to prevent education loan rates from doubling for millions of students. If Congress doesn’t act, an estimated 7.4 million Americans with federally supported loans will see their rates go up starting in July.
Romney calls for looser immigration rules:Mitt Romney has said he wants to loosen certain immigration restrictions and create a path to legalization for foreigners who served in the military. However, he does not agree with the president’s new plan to halt deportations for foreigners brought to the country as children.
Senate demands more insight into automatic cuts: The Senate approved the $1 trillion farm bill on Thursday, but not before adding an amendment requiring federal agencies to submit a report explaining how damaging the upcoming automatic military and defense cuts would be to their key programs.
Commerce secretary resigns: John Bryson on Thursday resigned from his post as commerce secretary, noting that his recent seizure “could be a distraction” to the president’s economic recovery efforts. Bryson’s departure comes less than two weeks after his automobile accident in California, later determined to be the result of a seizure.
Keep an eye ‘on’:
Unemployment claims dip slightly:The number of applications for unemployment benefits dropped last week but not by enough to signal a better month of hiring in June. The total number declined from an upwardly revised 389,000 last week to a seasonally adjusted 387,000, according to the latest report from the Labor Department.
Helpful advice ‘on’:
How to handle a public relations crisis (Entrepreneur)
How to keep your cash flow under control (Open Forum)
How to turn planning into better management (SBA)
How to decide if your big idea is actually big (Print Runner)