Current location:Global Grooves news portal > travel
Missouri lawmakers back big expansion of low
Global Grooves news portal2024-04-19 12:00:15【travel】7People have gathered around
IntroductionJEFFERSON CITY, Mo. (AP) — Missouri lawmakers gave final approval Thursday to significantly expand a
JEFFERSON CITY, Mo. (AP) — Missouri lawmakers gave final approval Thursday to significantly expand a low-interest loan program for farmers and small businesses, in a move that reflects strong consumer demand for such government aid amid persistently high borrowing costs.
The legislation comes as states have seen surging public interest in programs that use taxpayer funds to spur private investment with bargain-priced loans. Those programs gained steam as the Federal Reserve fought inflation by repeatedly raising its benchmark interest rate, which now stands at a 23-year high of 5.3%.
Higher interest rates have made virtually all loans more expensive, whether for farmers purchasing seed or businesses wanting to expand.
Under so-called linked-deposit programs, states deposit money in banks at below-market interest rates. Banks then leverage those funds to provide short-term, low-interest loans to particular borrowers, often in agriculture or small business. The programs can save borrowers thousands of dollars by reducing their interest rates by an average of 2-3 percentage points.
Address of this article:http://www.chongwenmenhotelbeijing.com/news/375.html
Very good!(7)
Related articles
- Hanna Cavinder announces RETURN to college basketball with Miami
- Man fleeing cops in western Michigan dies after unmarked cruiser hits him
- Republicans file lawsuit challenging Evers's partial vetoes to literacy bill
- Kenya’s military chief dies in a helicopter crash
- Civilian interrogator defends work at Abu Ghraib, tells jury he was promoted
- An earthquake measuring 5.6 hits central Turkey. No immediate reports of casualties or damage
- A Nigerian schoolgirl abducted by extremists 10 years ago is rescued pregnant and with 3 kids
- Braless Maura Higgins turns up the heat in a daring cleavage
- Woman, 26, who shed 70lbs reveals the surprising ways weight loss has transformed her life
- Jets might have a tough call to make between a playmaker or protection at No. 10 in the NFL draft
Popular articles
Recommended
The number of Americans applying for jobless benefits holds steady as labor market remains strong
Vice President Harris returning to Wisconsin for third visit this year
Armenian victims group ask International Criminal Court to investigate genocide claim
Caitlin Clark fans won't receive Indiana Fever jerseys until August due to Nike blunder
Gunmen ambush vehicle carrying customs officials in northwest Pakistan, killing 4 officers
Thailand urges Myanmar’s junta to free Aung San Suu Kyi — Radio Free Asia
Hanna Cavinder announces RETURN to college basketball with Miami
District attorney says Memphis police officer may have been killed by friendly fire
Links
- Early voting for S. Korea's parliamentary elections kicks off
- Mideast countries call for restraint after Iran's retaliatory attack on Israel
- China reveals cases highlighting ecological security threats
- China launches publication and education campaign to commemorate martyrs
- Josie Gibson's dating history: From falling for her Big Brother co
- South Africa's former president Zuma survives road crash
- 11 people related to Moscow terror attack detained
- The Paris Games' grandiose opening ceremony is being squeezed by security and transport issues
- Microsoft invests $1.5 billion in AI firm G42, overseen by UAE's national security adviser
- Asian CL semifinal postponed in United Arab Emirates after flooding caused by heavy rain