The lending arm of General Electric has stopped offering financing to retailers whose primary business is selling guns. Around 75 retailers are immediately affected. A company spokesman says this is a response to "industry changes, new legislation and tragic events."
The founders of financially troubled Fisker Automotive were grilled by Republican lawmakers on Capitol Hill Wednesday. The electric car maker received a $529 million loan from the Department of Energy in 2009. The carmaker is now on the edge of collapse. Fisker has laid off most of its employees and hired bankruptcy advisers.
As air travelers grumble about delayed flights, congressional Republicans have a new talking point: It's all President Obama's fault. They argue that he could make cuts in less critical parts of the FAA budget, but wants to inconvenience the public to force Congress to undo sequestration.
The U.S. Senate seems ready to let states collect sales tax from more online retailers. Support for the measure has increased as businesses have converged their online and offline sales. "We're looking for consistency" in how taxes are collected, says the owner of a St. Louis pet store chain.
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