Obama Pushes Faster Payments for Small Businesses with Help of Apple, IBM, FedEx
Many small-business owners bemoan the often lengthy amount of time it takes to get paid by their commercial clients. President Obama, it turns out, has had enough of that, too.
The White House on Friday will announce that dozens of the nation's largest companies have agreed to more quickly pay their suppliers for parts and services or help those suppliers access less-expensive financing, a move the administration hopes will buoy small businesses.
Among the 26 corporations that have signed on are technology giants Apple and IBM. Coca-Cola, FedEx, Honda, CVS and Walgreens will also participate in the initiative ...