A review of some of the biggest small business and start-up stories from the past week, with a focus on Washington.
U.S. government nears shutdown — not all employers concerned
Down to the final day before a potential government shutdown, policymakers still cannot find common ground on spending levels and the future of Obamacare. Meanwhile, a new poll shows many small business owners would support a temporary shutdown.
On Tuesday, three and half years after the law was signed, the health care overhaul’s new online insurance exchanges will open in across the country, though the wait will continue for some employers. Small business owners interested in checking out an exchange early can get a sneak peek at the one in the District,.
On the federal exchange, more delays in the final hour
The Obama administration last week delayed another small piece of the health care overhaul, pushing back online enrollment for small business owners on the new federal health insurance exchange, the latest in a long string of setbacks for the small business portals.
Consumers increased spending in August
American upped their spending last month as their incomes surged at the fastest pace since February, according to the latest data from the Commerce Department. It marks the third straight month that consumer spending has increased, albeit ever so slowly.
Small employers weigh in on deficit ceiling
Treasury Secretary Jack Lew says many small business owners can relate to the current debt-ceiling situation in Washington, which he says would leave the government operating like a cash-strapped company — and small employers from the around the country have responded.
SEC changing its enforcement strategy
Securities and Exchange Commission Chairman Mary Jo White last week said that the agency is changing the way it investigates potential wrongdoers, honing in on the people inside a company suspected of foul play, rather than targeting the company as a whole.
PayPal enters small business lending market
PayPal is jumping into the increasingly crowded small-business lending arena, partnering with WebBank to offer loans to merchants that use its online payment service. No credit check is involved, and the company says approval can take less as little as five minutes.
Paris launching world’s largest startup incubator
City officials in Paris last week unveiled plans for 1000 Startups, which they say expect to be the biggest startup and technology incubator on earth when it opens in 2016. A large shate of the funding is coming from successful French entrepreneur Xavier Neil.
What are you keeping an eye on this week? Please let us know below.