[applause] this is the everyday work at the sba. a study by the urban institute estimated that the sba loans are three times to five times more likely to go to a minority- owned business or a woman owned business than those that go to a conventional lender. the best part is that borrowers are reporting that the loans are helping create or maintain tens of thousands of jobs all across the country as you've heard this week, we're not stopping. we are renewing our commitment to federal contracting with small business. we are working across the federal government to ensure that small businesses can deliver at least 23% of all the federal contracts. we have special goals and emphasis on minority-owned small businesses, women owned small businesses, and veteran owned small businesses. we see this as a win-win. minority-owned businesses get increased volume and sales. they can hire more people. they get a lift to be competitive and take their products across the globe. federal agencies win also. they get access to the most innovative and ni

now i am looking at the recovery act. can sba become more evaluative of how they manage their capital access programs so you can figure out how to implement different provisions to meet the intent. that would be the second area. the third area i would point out as an audit agency, we do not make recommendations to increase or decrease in the agency's budget. with sba, we are always asking the question. do you have the resources in place? what we tend to look for is some type of strategic planning. what do you need to get the job done. >> to have all those things in place, the agency will need resources because when mr. graves ask the question about how this agency compares to other agencies, we have to answer the way you answer rid but take into account that this is the agency where, for the last six or seven years, the budget was cut by almost 40%. that is what we need to factor in. >> ms. mills, you and your staff have been approving contracts and were concerned that this could interfere with an ongoing investigation. are you a

[applause] this is the everyday work data sbat the sba. ute estimated that the sba loans are three times to five times more likely to go to a minority-owned business or a woman owned business than those that go to a conventional lender. the best part is that borrowers are reporting that the loans are helping create or maintain tens of thousands of jobs all across the country as you've heard this week, we're not stopping. we are renewing our commitment to federal contracting with small business. we are working across the federal government to ensure that small businesses can deliver at least 23% of all the federal contracts. we have special callsgoals and emphasis on minority-owned small businesses, women owned small businesses, and veteran owned small businesses. we see this as a win-win. minority-owned businesses get increased volume and sales. they can hire more people. they get a lift to be competitive and take their products across the globe. federal agencies whin also. they get access to the most innovative and nimble and responsive co

at the sba, we believe in the power and the potential of minority-owned small sinesses.ow small businesses createver 70 percent of the jobs in this country and half of americans who work own or work for a small business. slall businesses drive competition, they drive novation, and the drive 21st century jobs. today,he sba is working to make sure minority-owned businesses can only survive and can grow. even in these difficult tes. we have three parties -- priorities. first implement theecover act, reinvesting in our agency and the third is to be the strongest poible voice of small business across the administration. first, the recovery act and economic stimulus. all of you know, who were seall business people what happened in october. banks stopped lending, credit lines rose. small businesses were strugglingo find capital that they need. congress and this administration understood this small business community needed extra help and ty included over 700 milliofor e sba in the recovery act. it has been six months. this has been a smart investment. i am happy to say we have

the sba's debut video is a 60-second introduction to the group's programs and services. future content will give in-depth information on how to start and grow a small business and how to take advantage of government programs. >>> even though many businesses in the united states are stepping up when it comes to using the internet to get their message across it just takes a long time to get that message across. it turns out we're far behind other countries when it comes to internet speed. a report on web speed concludes america is 15 years behind north korea. the report from the communication workers of america also has the united states lagging behind japan, sweden, the netherlands and 24 other countries. >>> you want speed? 5:36. headlines around the nation -- a police chase ends with a driver jumping out of what police say was a stolen car. you can see the car keeps moving. hits a curb and rolls down an embankment, passenger still in the car. the woman got out. car on her own. police grabbed the driver. his charges include speeding and theft. his female companion charge

the sba has been no help, i have a business plan and i'm told the plan is very good, but the money willed for molds, equipment, et cetera. but i have had no luck so far. what am i doing wrong? he shouldn't be going to banks for this thing, particularly right now. >> you have to realize most of these guys are not going to fund you. you have to compete well. if you're competing and your plan is good, then the other two parts of the problem are probably not good. one is do you have a way of getting back money to your investors as return on money, really enough to attract money in? and the other thing is be sure you can credibly execute the plan. a lot of times you are just a guy, nobody believes you can execute this thing. you need to add an advisory board of people who are high-powered who believe in you, and their weight on the board gives you credibility. >> next question about the power of marketing. >> to advertise nationally was way too expensive, and then to advertise locally is also expensive. i have always done everything through pr. i'm wondering how you can rationalize and capit

let's take some taxpayer money and create a small business guaranty funds, like the one for the sba, nd have 10 times as much retrofitting done. that is the kind of thing you need to think about. [applause] i don't want to bore you with statistics but let but think about one thing. the banks of america today have $900 billion in uncommitted cash reserves. that means that tomorrow, in theory, they could make $9 trillion and loans. -- in loans. but about that. that is their lending capacity today which exceeds by tenfold the last stimulus. if we could dramatically accelerate the retrofitting of all public buildings, a housing projects, everything with user- friendly systems, we could put more than 1 million people to work. we deplore people's power bill. we could close the 22% of our coal-fired power plants. it contributes to more than 50% of the greenhouse gases, which come from col. we are not doing it because we have not found user-friendly systems that a parallel financing. this is the kind of stuff i spend my life working on. [applause] i hope that you will think about that. that i

i have not been able to provide that minow or anything about that memo to the sba. we have provided time sheets, the individuals, invoices from outside consultants to help us get that period of time. >> your testimony is any and all documentation produced by the tiger team to the kbr management has in fact been provided dcaa to the rest of your knowledge? >> to the best of my knowledge. >> all right. could we clarify this? this is a point under oath and i am only saying that because that if this team put together documents that was available to management that was not shared with dcaa more question would be incorrect, so i want to have you -- and asking a second time because we are going to check it out and you will not be in doubt of our interest in this. so i would like you to just stop a second and think is there any documentation that was provided to you that you did not share with dcaa that was related to any of activities in the tiger team? >> before you answer the -- >> no, let him answer. >> okay. i want to add one more part to the question and the one more

even the new sba program, every week they change the rules. it's taking longer to close because they keep asking for more and more information. banks are not lending to businesses, the ones that are, are really being picky and asking for more information. >> let's talk about house hunting. a lot of people out shopping. we have a house across the street for us for sale, it was like traffic jam to get in there. a lot of people are seeing incentives but you're not sure everything is going to work out for them. you have concern about different things happeng in the housing market. >> the 9$8,000 tax credit is getting people off the sidelines. we are seeing, however, people calling us saying how much do you have in the savings? $17. how much in the checking? $14. and they want to buy a house. how do you plan with that money? oh, i'm getting $8,000 from the government. people don't understand it's based on income and our factors. it's helping but by the same token, money at home is a privilege, not a right. people need to understand that. they also

. >> bridget dean is the director of the sba office. >> it's forms that for unconventional regular loansinaudible ] 45 out of 60 is a document that borrowers sign. personal financial statement. they say how much money do you have in stand. >> a statement of personal history. talk about jr. high school prom? >> no. we hope you don't. >> arc. a loan up to $35,000 to help small businesses. >> non-delegated lenders have lpc and -- goldilocks, this is papa bear. take the red skins in six. in this role playing game, i'll a big bossman who sits behind the desk and you're the small business owner and i have forms that you fill out to get a loan and i'd like it back in 20 minutes. to okay? >> absolutely. i better get started. >> yeah. i think so. >> shannon: you see why we love james rosen so much. even he can make paperwork exciting. james rose season now drowning in paperwork for weekend. thank you, james. still to come, stranded on the runway. airline pilot pleads to get her passengers off a plane. it sat for hours. you are going to hear the tape after the break. if you had to give up your sum

let's take taxpayer money and create a small business guarantee fund like the one for the sba and hasas much retrofitting down. that is the kind of thing you need to think about. i do not want to bore you with statistics. let me ask you to think about one thing. the banks of american today $900 billion in uncommitted cash reserves. that means that tomorrow, in theory, they can make $9 trillion in loans. do you think that would end the recession? think about that. that is their lending capacity. if we could dramatically accelerate the retrofitting of all large public buildings, housing projects, everything with user-friendly systems, we could put more than 1 million people to work. we the lower people's power bills. we could close 22% of markell power power plants -- coal howard power plants. we are not doing it because we have not found user-friendly systems that have parallel financing. this is the kind of stuff i spend my life working on. i hope that you will think about that. that is the last thing i want to say. i hope i see more blocks sides saying that this is what i want presid

the amount of money loaned through sba's program has risen 50% since february. ever the entrepreneur, redfern doesn't have the loan, but he still has the business. you look at this parking lot and you see cars? >> i see it full. i see it full. >>> now this, a world champion track star being tested, not for doping. members want to know if it is a man or woman ordering a gender test. is it fair? too humiliating? all right. we'll let you think about that as we invite you to this. there is a new way to join into the conversation on prime news. become a fan on facebook. just go behind -- which let you go behind the scenes with us. pictures of us, the team, richelle, myself and what stories we are covering every night. check out our website, as well. facebook or the website. ñññ >>> welcome back. so many of the stories we do cry out for justice. the first to sound the alarm many times is my colleague nancy grace. one of the best legal minds in the country. her no-nonsense, common sense approach works great on tv and translated in the courtroom, as well. she had a

let's take taxpayer money and create a small business guarantee fund like the one for the sba and has 10 times as much retrofitting down. that is the kind of thing you need to think about. i do not wanto bore you with statistics. let me ask you to think about one thing. the banks of american today $900 billion in uncommitted cash reserves. that means that tomorrow, in theory, they can make $9 trillion in loans. do you think that would end the recession? think about that. that is their lending capacity. if we could dramatically accelerate the retrofitting of all large public buildings, housing projects, everything with user-friendly systems, we could put more than 1 million people to work. we the lower people's power bills. we could close 22% of markell power power plants -- coal howard power plants. we are not doing it because we have not found user-friendly systems that have parallel financing. this is the kind of stuff i spend my life working on. i hope that you will think about that. that is the last thing i want to say. i hope i see more blocks sides saying that this is what i wan

the amount of money loaned through sba's program has risen 50% since february. reneur redferne doesn't have the loan, but he still has the vision. >> you look at the parking lot and you see cars. >> i see it full. >> reporter: and you see strength. >> i see it full. >> reporter: christina romans, cnn, north carolina. >>> when we come back, i will have your feedback. i'm on the social networking sites now. you see this, this is a neck tie of one of the victims. with will tell you about this and the emotional moment of how i got it. we're back in a moment. i've helped somebody. you know, it makes me feel pretty good. we're offering a solution for a customer that maybe has to choose between paying their credit card or putting food on the table. our main objective is to reach out to the customers that are falling behind on their payments. a lot of customers are proud and happy that bank of america actually has a solution to help them out. i listen. that's the first thing i do is i listen. you know what, what happened? what put you in this situation? we always want to

that represents related services under ida, pupil services under the sba. the same group of folks.u talk a lot and i push it also represented the school social workers and you always mention is. thank you for the. you have a question about bowling. it had a question about dropout and grad rate. one of the things that we are very concerned about is that we are seeing with all the economic problems, a huge number of positions being cut and you just alluded to that. in your comment. that folks are not retaining the positions of the school counselors, social workers, all of the therapist, and we believe number one that those folks should be available to all kids and not just students with disabilities. i do want to put you on the spot but i wonder what the leadership in the department will do to ensure that local school districts have the means and understand the necessity for keeping these folks on board. >> these are all great questions. this is a really hard one that i frankly would a lot and would go so far as to say it is shortsighted to be cutting those positions where can i take

let's take taxpayer money and create a small business guarantee fund like the one for the sba and has 10 times as much retrofitting down. that is the kind of thing you need to think about. i do not want to bore you with statistics. let me ask you to think about one thing. the banks of american today $900 billion in uncommitted cash reserves. that means that tomorrow, in theory, they can make $9 trillion in loans. do you think that would end the recession? think about that. that is their lending capacity. if we could dramatically accelerate the retrofitting of all large public buildings, housing projects, everything with user-friendly systems, we could put more than 1 million people to work. we the lower people's power bills. we could close 22% of markell power power plants -- coal howard power plants. we are not doing it because we have not found user-friendly systems that have parallel financing. this is the kind of stuff i spend my life working on. i hope that you will think about that. that is the last thing i want to say. i hope i see more blocks sides saying that this is what i w

let's take taxpayer money and create a small business guarantee fund like the one for the sba and hasuch retrofitting down. that is the kind of thing you need to think about. i do not want to bore you with statistics. let me ask you to think about one thing. the banks of american today $900 billion in uncommitted cash reserves. that means that tomorrow, in theory, they can make $9 trillion in loans. do you think that would end the recession? think about that. that is their lending capacity. if we could dramatically accelerate the retrofitting of all large public buildings, housing projects, everything with user-friendly systems, we could put more than 1 million people to work. we the lower people's power bills. we could close 22% of markell power power plants -- coal howard power plants. we are not doing it because we have not found user-friendly systems that have parallel financing. this is the kind of stuff i spend my life working on. i hope that you will think about that. that is the last thing i want to say. i hope i see more blocks sides saying that this is what i want president

the amount of money loaned through sba programs has risen 50% since february. ver the entrepreneur, redfern doesn't have the loan, but he still has the figures. you look at this parking lot and you see cars? >> i see it full. >> you see a successful restaurant. >> i see it full. >> best of luck to him. hopefully these stories are getting your creative juices flowing because people are doing this here. so for more of our series "money and main street," watch cnn tonight at 8:00 eastern. back in a moment. >>> want to let you know we're hearing media reports out of libya say this man you see in white, abdel baset al megrahi has landed in libya. now, this video is from a few hours ago as he boarded a plane in scotland earlier today, but here is the thing. he was convicted for his role in the bombing of pan am flight 103 over lockerbie, scotland, but was released from his life sentence of which he served eight years in prison because his doctors say he has only about three months left to live. he's got termal cancer. associated press now reporting thousands of people

we also cut taxes for small businesses on the investments that they make and more than 425 small businesses in indiana have received sba loans through the recovery package. so that's 1/3 of the money was tax cuts. another 1/3 much tof the money helping folks who have born the brunts of this recession. for americans who were laid off, we expanded unemployment benefits and that's already made a difference for 12 billion americans including 220,000 folks right here in indiana. we're making health insurance 65% cheaper for families relying on cobra while looking for work. some of you know people who lost their jobs, were worried about losing their health care, couldn't afford cobra, we were able to reduce their costs by 65% so they could keep their health care while they were looking for jobs. and for states facing historic budget shortfall, we provided assistance that saved the jobs of tens of thousands of teachers and police officers and other public servants so that you wouldn't see the recession get even worse. so that's the second half. first half tax relief, second half support for individuals, small businesses and s

there are a wide range of incentives being used in various sectors of the economy such as insurance, awards programs, sba loans, etc. we are suggesting that these should now be applied to cyber security. it can serve as a qualifying set for standards and practices. the government could then fund research, with the sole criteria being there effectiveness. private sector entities that can demonstrate compliance with standards and practices would be deemed effective and qualify for the incentives. we are attempting to change the economics of cyber security by constructing a market that makes prioritization want to continually invest in cyber security in their own economic self-interest. only then can we create a sustainable and evolving system of cyber security that we need. the purpose of this system is to defend the national securities interest, and thus, it is worth the modest investment that the government had to make in order to buy the incentives. the present research and expert testimony shows that by motivating the adoption of the prices already demonstrated to work, the vast majority of the problem

we also cut taxes for small businesses on the investments that they make, and more than 425 small businesses in indiana have received sbans through the recovery package. so, that's one-third of the money was tax cuts. another third of the money in the recovery act has been for emergency relief that is helping folks who have borne the brunt of this recession. for americans who were laid off, we expanded unemployment benefits, and that's already made a difference for 12 million americans, including 220,000 folks right here in indiana. we're making health insurance 65% cheaper for families relying on c.o.b.r.a. while looking for work. some of you know, people who lost their jobs were worried about losing their health care, couldn't afford c.o.b.r.a. we were able to reduce their costs by 65% so they could keep their health care while they were working -- looking for jobs. and for states facing historic budget shortfalls, we provided assistance that has saved the jobs of tens of thousands of teachers and public -- and police officers and other public servants so that you wouldn't see the recession get even wo e worse. so, th

the amount of money loaned through sba's program has risen 50% since february. e entrepreneur, redfern doesn't have the loan, but he still has the vision. and you look at this parking lot and you see cars? >> i see a pole. >> you see a successful restaurant. christine romans, cnn, lumberton, north carolina. >> and watch for more "money & main street" reports, tonight 8:00 p.m. eastern here on cnn. >>> and we're just getting word that the sole man convicted in the lockerbie bombing of 1988 has arrived on libyan soil now. we've been talking about this since this morning. the 57-year-old man found guilty of this bombing is terminally ill with prostate cancer. as you know, there was a lot of controversy on whether he should be freed from jail or not. the judge did decide to release him on signs of compassion. that, of course, infuriated a lot of victims' families when his release was made public and they actually saw him for the first time walking out of jail free, as he is now, we are told, landed on libyan soil, his home where he will spend the rest of his life, as

the amount of money loans through sba's lending programs has risen 50% since february. redfern doesn't have the loan, but he still has the fashion. and you look at this parking lot, and you see cars? >> i see it full. >> reporter: and you see a successful restaurant. >> i see it full. >> reporter: christine romans, cnn, lumberton, north carolina. >>> you can watch more "money & main street" reports tonight at 8:00 p.m. eastern right here on cnn. >>> well, it is no surprise, the bad economy is impacting people's health. now, one california family faced an even bigger challenge due to state budget cuts. i've helped somebody. feel prewhy wod.ol you know, it makes me d we're offering a solution for a customer that maybe has to choose between paying their credit card or putting food on the table. our main objective is to reach out to the customers that are falling behind on their payments. a lot of customers are proud and happy that bank of america actually has a solution to help them out. i listen. that's the first thing i do is i listen. you know what, what happened? what p

the small business administration. >> you are not going to fill out any more forms to get an sba- guaranteed loan and then you would foran. >> but still, that is a craload? >> that is not the terminology we use. >> ok, in this game, i am the big boss man. i get to sit behind the desk, and i have prepared a series of forms for you to fill out, and i would like you to fill these out in, say, 20 minutes. is that ok? >> yes. >> jon, i would stand here and give you a proper -- i think the folks from the edgar r. murrow award are out in a hallway. i have to go. jon: a guy in connecticut leads police on a wild ride in a boat, cooked up to his truck. wait until you see what happened to the vessel -- poked up to his truck. plus, the results of our question of the day -- hooked up to his truck. . . [ female announcer ] olay challenged not just one dermatologist but a whole panel in creating an anti-aging breakthrough. introducing olay professional pro-x wrinkle protocol. as effective as the leading prescription wrinkle brand. challenge pro-x yourself, we guarantee the results. garth, you're up. hold on, i'm at capitalone.com pic

the pockets of 95% of working families. [applause] it began showing up in indiana households about three months ago. within 40025 small businesses in indiana have received sba loans are the recovery package. one-third of the money was tax cuts. another third of the money has been for emergency relief that is helping folks who have borne the brunt of this recession. for americans who were laid off, we expanded unemployment benefits, and that has already made a difference for 12 million americans, including 220,000 folks right here in indiana. we are making health insurance 600% cheaper for families relying on coper while looking for work. -- relying on cobra. we were able to reduce our costs by 65% so they could keep their health care while they were looking for jobs. four states facing a historic budget shortfalls, we provided assistance that has saved the jobs of tens of thousands of teachers, police officers, and other public servants. that is the second have, support for individuals and small businesses and state that fall on hard times. the last third, is for investments that are not only putting people back to work in the short term, but laying a new f

. >> if we can't pick a fair injury in will county, then it's the government's job to find a place, a county we can pick an sbas impartial and unbiased jury. >> the judge said he is proceeding under the assumption that the trial won't be moved to another county. peterson is charged with the murder of his third wife and a suspect in the disappearance of his fourth wife. >>> carb flow a problem for auto dealers. they say the federal government hasn't reimbursed them for trade-in deals. that has put them in a cash crunch. some rebate questions submitted three weeks ago haven't been paid yet. that lag time may cause dealers to opt out of the popular program. meanwhile, ford motor company is saying that cash for clunkers created such a demand it had to boost production at three of its plants. >>> what's a winning lottery ticket doing in a church offering plate? wait until you hear how much this generosity is worth and what the church may do with the windfall. this is hln. >>> i'm robin meade. we celebrate the troops every weekday on morning express with robin meade. our salute is to sergeant zach melda from his wife

the press secretary was very cautious about what he said today about senator grassley. >> i think these guys are digging themselves as deep hole and will encourage their base and base will get all -- their sbas getting smaller and smaller and smaller. i think it is -- you know, they are doing themselves enormous damage for their future. and, frankly the smart thing do is step out of the way and let them keep doing this. nobody really truthfully, except for the most faithful of the far right, believes there is a death panel in this bill. nobody believes that. and the more they talk like this, the harder it will be to convince anybody there is substance to their proposal. >> shouldn't there be somebody out there handing out pieces of paper that has sarah palin's name it in which she declared a day devoted to the things she is calling a death panel now a year and a half ago? shouldn't that be the approach at these town halls? shouldn't there be something more organized by the democrats? >> i think people are speaking up. when they get a chance to get a word in edgewise at the town hall, that's great. the truth is that -- just ask you, frankly, do you think sarah palin has any chance of getting

we also cut taxes for small businesses on the investments they've made it more than 425 businesses in indiana have received sbaans through the recovery package. so that is one-third of the money was tax cuts. another third of the money in the recovery act has been for emergency relief that is helping folks who've borne the brunt of this recession. for americans who were laid off be expanded unemployment benefits and that has already made a difference for 12 million americans including 220,000 folks right here in indiana. we are making health insurance 65% cheaper for families relying on cobra while looking for work. some of you know people who lost their jobs more worried now losing their health care couldn't afford cobra. we were able to reduce their cost by 65% said they could keep their health care while they were looking for jobs. and for states facing a historic budget shortfalls we provided assistance that has saved the jobs of tens of thousands of teachers and public and police officers and other public servants so that you wouldn't see the recession get even worse. so that's the second half. first half

not from all, but i know offhand, the secondary school principals we did, i don't think we got written comments from aasa, but we have shared drafts with them and sba we have gotten written comments. in response to your question about state leadership for this work, we have tried to be very clear from the outset that this is a state led initiative. there is no federal money that is going into the development of the standards, there are no federal representatives sitting at any of the tables. we haven't asked them for feedback on the standards. this is truly a state-led initiative, and those are the 46 states on whose behalf we're doing this work. in fact, the secretary i think acknowledged this when he made his announcement about the 350 municipal dollars. he was pretty -- $350 million. he was pretty clear about saying this would not be something that is run by the federal government, we are putting the money on the table. but it would be for a consortium of states to do this work, so i represent the governors, scott represents the chiefs, we are in agreement with you that this needs to be a state led initiative. >> i'll add one other thing to that

[applause] this is the everyday work data sbat the sba. a study by the urban institute estimated that the sba loans are three times to five times more likely to go to a minority-owned business or a woman owned business thathose that go to a conventional lender. the best part is that borrowers are reporting that the loans a helping create or maintain tens of thousands of jobs all across the country as you've heard this week, we're not stoppg. are renewing our commitment to federal contracting with small business. we are working across the federal government to ensure that small businesses can deliver at least 23% of all the federal contracts. we have special callsgoals and emphasis on minority-owned small businesses, women owned small businesses, and veteran owned small businesses. we see this as a win-win. minority-owned businesses get creased volume and sales. they can hire more people. they get a lift to be competitive and take their products across the globe. federal agencies whin also. they get access to the most innovative and nimble a