WASHINGTON (WIFR) -- The bill also includes eight separate tax breaks for small businesses and a boost for small business administration loan programs. President Obama says the incentives will help small businesses create jobs in the short term.
The new fund would be available to community banks to encourage lending to small businesses.
Meantime, the Obama administration wants to make it easier for the government to eavesdrop on internet and e-mail.
The New York times reports that the white house plans to submit a bill next year that would require all online services to be technically equipped to comply with a wiretap order.
Federal officials say new regulations are needed because terrorists and criminals are increasingly giving up their phones to communicate online.