in general, to the lenders, what type of vanity do you traditionally see approach you for loans, an llc, corp., and who is liable, for whose borrowing the money? >> as a micro lender, we expect the principles, the corporate form, to provide guarantees. >> personal guarantees. >> the same. 20% ownership in the company. [inaudible] >> [inaudible] >> i heard something about sba guaranteed loans. maybe i missed something. does that have to do with the sba guaranteeing the entity? >> the question on the sba guaranteeing a entity as the order of the business, whether it is a corporation or partnership, for any small business lending, you should expect to be guaranteeing that long personally. as a small-business owner, from a lender's point of view, we want to see that you are as invested in the business as you are asking the bank to be. the idea that non recourse loans, the way you describe it, loans that you get without having yourself personally liable is not the way it works. you should assume you will guarantee the loan regardless of the structure of your business. the good news, though,

in general, to the lenders, what type of vanity do you traditionally see approach you for loans, an llc,

if you are a business and you file as an llc or a sub-"s" corporation on the 15th of january, the 15th of angers the 15th of june and the 15th of september, you file a quarterly tax return, and if you don't, you're held accountable. we're now going hue your fourth year and it looks like for the first time we're going to have debates on the fluorer of how we spend the american people's moin. i want to thank our leadership for making the statement of the desire to do so. i have already seen senator inouye and senator cochran working in the subcommittees to see to it that the bills come to the floor. so i think it is time we did our business, like the american people had to do their business. and i commend you, senator alexander and you, senator pryor, for calling thi call coly tonight. mr. pryor: madam president, thank you. since we have other senators on the floor, what i'd like to do is withhold my comments until a view of our other senators have a chance to speak, if that would be permissible with senator alexander. mr. alexander: madam president, i appreciate the courtesy from the se

an aside. small business, llc, subchapter s, pay the lower tax rate from 35% to 28%? >> that's correct.nd that's important. there's a lot of discussion of cutting the corporate tax, and we should and we must. more than half of private sector workers work in non-c corporate businesses. we have to make these changes on the nonbusiness side. president obama is proposing to raise those taxes. >> governor romney said he would limit deductions for upper end earners, which would be limited in return for lower tax rate? >> governor romney said is very important. if you want to cut rates, we have to broaden the base at the same time, otherwise we can't raise the revenue we need. and what the governor intend to do, is to limit deductions and exclusions that people have. home mortgage interest, charitable corporations and others, but in such a way that puts most of the burden on upper income households, so middle income families shouldn't see a hit from this. >> the ones you just mentioned are on the table, is that correct? the most specific i've heard. >> all tax preferences are on the table. the

. >> caption colorado, llc comments@captioncolorado.com >> pelley: an alleged plot to bomb the u.s. capitol. the f.b.i. says a moroccan man was on a suicide mission today. chip reid and john miller on who he is and how he was caught. as tensions rise over its nuclear program, iran signals it wants to talk. >> this response from the iranian government is one we've been waiting for. >> reporter: norah o'donnell and anthony mason are on the story. i spy. john blackstone on google secretly trailing iphone users website to website. and steve hartman "on the road." it could have been road rage. >> my immediate reaction was like what the heck are you doing? >> but he took a very different turn. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. if a terror suspect had carried out his alleged mission today, we would be starting tonight with a suicide bombing at the seat of the united states government. instead, we begin with the story of how federal agents arrested that man today. on his way, apparently, to the u.s. capitol where the f.b.i

currently chairman of new realm investments llc, president of garr inc., an international firm advising companies on international trade. from 1998 to 2003, he was national director and chief operating officer of the center for the study of the presidency with headquarters here in washington. from 1983 to 1985 ambassador robinson served as special adviser for public diplomacy to secretary of state george schultz. february 1981, president reagan appointed him as deputy director of the united states information agency. we are very grateful to have you here and for your public service. tanya sochurek was one of the original guides at the moscow exhibition stationed in the constantly jam packed model home, which you'll learn much more about shortly. besides representing the face of america, she became one of the main faces that americans at home saw in coverage of the exhibition through the many photographs of her taken by howard sochurek that ran in "life" magazine at the time. they later wed in 1965. i don't know if there's any connection between those two bits of information. george feif

. >> caption colorado, llc comments@captioncolorado.com >> pelley: tonight, is israel planning an attack on iran in the spring? infense secretary panetta is ter on as saying it's likely. david martin is working that story. angry reaction on both sides after one of the leading breast cancer charities cuts off grants to planned parenthood. nancy cordes reports new york's billionaire mayor says he'll make up some of the loss. a new clue to how alzheimer's disease may spread. jim axelrod tells us it could lead to new treatments to try to stop it. and anna werner reports something most of us take for granted is growing scarce in the texas drought. >> it's devastating. you don't really know what's going to happen. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. the "c >> pelley: good evening. there is growing talk about a military strike against iran to t op it from developing a nuclear weapon. some of it came from israel's defense minister, and some of it came from u.s. defense secretary leon panetta today. more about all of that now from national security corres

. >> caption colorado, llc comments@captioncolorado.com >> pelley: tonight, new signs of an economic turnaround. a key measure of unemployment falls to a four-year low, and home sales are picking up. >> this was the best january we had since the-- things started going bad. >> pelley: reports from ben tracey and anthony mason. g.m. goes from bankruptcy to record profits. dean reynolds has the question of the day for the man in the driver's seat: >> reporter: when you took over, did you look at the place and go, "gee whiz, how screwed up is this?" >> pelley: armen keteyian investigates the second biggest cancer drug. and norah o'donnell on a surprise at the white house. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. you've been telling us in poll after poll that the economy is the biggest problem facing the country. so we start tonight with new evidence that it's getting better. the number of americans putting in their first claims for unemployment benefits is at a four-year low, 348,000. home construction is up 1.5%. and general

an update at 6:00. "cbs evening news with scott pelley" is next. >> caption colorado, llc comments@captioncolorado.com do >> pelley: tonight, the president and the pill. mr. obama tries to head off a runaway controversy. >> religious liberty will be protected and a law that requires free preventative care will not discriminate against women. >> pelley: norah o'donnell has the story. chip reid on the republican candidates and who they're courting. >> conservatives... >> conservatives... >> conservatives! >> pelley: cla vases ward is with the rebels in syria where today the people parade for freedom. and today, on the road with steve hartman. noah saves the day with a flood of help. >> pelley: cla vases ward is with the rebels in syria where today the people parade for freedom. and today, on the road with steve hartman. noah saves the day with a flood of help. >> there's a lot more good people in the world than i expected. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: the decision is one part solomon, one part semantics. president obama rushed to resolve an electi

an inning. thank you for letting us be a part of your weekend. hope you'll be back tomorrow for more sports. have a great night. captions by: caption colorado, llc. (800)775-7838. email: comments@captioncolorado.com

an upstairs room. we now believe the situation might be over. we have a crew on the scene and we will have a live report for you, more details, coming up at 6:00. >> caption colorado, llcomments@captioncolorado.com

an hour. westbound traffic will be detoured through the holiday weekend. the inning were is scheduled to reopen to all traffic at 5:00 a.m. on tuesday weather permitting. >> caption colorado, llc comments@captioncolorado.com

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