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Obama to meet banks on small biz lending
December 8, 2009 / 10:30 PM / 8 years ago

Obama to meet banks on small biz lending

WASHINGTON (Reuters) - President Barack Obama will meet with banks on Monday to discuss ways to increase small business lending and efforts to reform financial regulations, the White House said on Tuesday.

<p>President Barack Obama delivers a speech on the economy at the Brookings Institution in Washington, December 8, 2009. REUTERS/Jason Reed</p>

Obama said in a speech on Tuesday he wanted to spur creation of more jobs by increasing loans to small businesses. The White House did not name those officials with whom the president will meet.

“The president is looking forward to meeting with members of the financial services industry on Monday to discuss our shared interest in economic recovery, the need to increase small business lending and the Administration’s plans for financial reform,” said White House spokeswoman Jen Psaki.

Reporting by Steve Holland, Editing by Sandra Maler

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