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This is a Fox Business small business report.
I'm Peter Barnes and Washington DC.
The holiday shopping season is underway and a popular SBA program runs out of cash but first the focus in Washington right now is jobs jobs jobs.
Washington is ramping up for the White House jobs forum in the first week of December.
Small business owners are among the participants.
-- get a chance to talk with the president and lawmakers about various ideas to help them create new jobs.
The administration says that so far it's 787.
Billion dollar economic stimulus package has saved or created one point five million jobs.
But congressional Democrats facing reelection next year say they want more.
Some proposals on Capitol Hill for spurring job creation includes.
A tax credit for each new worker hired by a company something the White House is reviewing.
Some lawmakers favor a payroll tax holiday for companies another idea as a -- tax on transactions on Wall Street.
The proposal would raise a 150 billion dollars a year with half of the money going to deficit reduction and half to a jobs program.
Finally some Democrats want to use the pending 500 billion dollar six year transportation bill as a jobs bill.
One former house Republican says Democrats need to broaden their agenda.
Some people want to do things that might create.
Jobs for a few months.
But then those people get laid off it's the creation of temporary jobs if the government were to announce that we are not going to have any new.
Burdens upon business no new taxes no burdensome new regulations that businesses would feel it's safe to take a chance and and -- in growth.
As small businesses fight to stay afloat in the weak economy the holiday shopping season may offer some a glimmer of hope.
According to a newly released survey from the Consumer Federation of America shoppers may spend a little moron presents this year than last.
But still not as much as in prior years.
The survey shows that 8% of consumers plan to spend more.
Almost half of them will spend about the same as last year on the downside 43%.
Will spend less than last year.
When asked why so many are planning to spend less this year answers were pretty straightforward.
Consumers are still worried about the economy and many have less money to spend.
Finally the Treasury Department in the Small Business Administration held a forum in Washington to discuss the problem of small business lending.
Now the SBA says 375.
Million dollars allocated in the stimulus package to help small business lending has run out.
The money was used to allow bankers to temporarily reduce fees and boost loan guarantees.
In a recent statement SBA administrator Karen mills said funding for the program would last into December.
But loan applications surged as the deadline approached and the money ran out before additional funding could be authorized.
A 148 loans totaling eighty million dollars are still in the SBA pipeline.
And now the administration may ask congress for more funding for the program.
That's it for this edition of the Fox Business small business report.
I'm Peter Barnes and Washington thanks for joining us.
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