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Article: Businesses struggle as stimulus hangs in the balance
- Article from:
- Whittier Daily News
- Article date:
- February 6, 2009
- Author:
CopyrightCopyright 2009 Whittier Daily News. Provided by ProQuest LLC. (Hide copyright information)
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Southland businesses and cities are weathering tough financial
times as they wait for Congress to send a stimulus bill to President
Obama that could pump nearly $1 trillion into the nation's ailing
economy.
On Friday, Obama again pressed for quick passage of the
legislation. Senate Democrats responded by reaching agreement with a
small group of Republicans on a measure that would trim the cost of
the rescue package to $827 billion.
Jim Randall, president and owner of Industry-based Allfast
Fastening Systems Inc., which makes the rivets that hold commercial
and military planes together, is feeling the pain of the recession.
"There's been a tremendous amount of layoffs going on at Cessna, ...