WKYT | Lexington, Kentucky | News

Obama touts federal help for small businesses

WASHINGTON (AP) - President Barack Obama is promoting an idea to free up more cash for smaller businesses that are hurting in the economic downturn.

As part of a bid to sell his economic agenda and re-energize voters, Obama is traveling to politically significant New Hampshire on Tuesday to draw attention to a proposal he mentioned in his State of the Union address last week.

The president wants to funnel $30 billion to local banks so that they can help small businesses get the financing they need.

While in Nashua, N.H., Obama plans to conduct his second town hall in six days, a format that allows him to show engagement with the public and counter a sense of "remoteness," as he has put it, that people have had with his policy agenda.

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