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Sen. Olympia Snowe. left, questions Treasury Secretary Timothy Geithner while Sen. Mary Landrieu, right, listens during a Senate Small Business and Entrepreneurship Committee hearing on Capitol Hill, Oct. 18, in Washington, DC. The committee is hearing testimony on "The Small Business Jobs Act of 2010" one year later.
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President Barack Obama speaks at the YMCA on Guilford Technical Community College Campus in Jamestown, North Carolina, on Oct. 18, during the second day of his three-day bus tour to discuss jobs and the economy. Obama is making the trip in effort to generate support for a $447 billion jobs bill blocked by Republican lawmakers in Washington. The White House has touted the jobs bill as a shot-in-the-arm for the economy and accused Republicans of playing politics by blocking it, as Democrats have vowed to break it down and bring votes on each of its components.
Two views of the same problem: unemployment.
Despite public support, the president's jobs bill failed to pass in the Senate, so Obama is pushing Congress to pass it piece by piece. Full story on the swing-state jobs tour.
Meanwhile, Geithner is testifying before the Senate Small Business committee on the Small Business Jobs Act from last year which created the $30 billion Small Business Lending Fund. The program distributed a little over $4 billion to 332 community banks nationwide in an effort to increase loans to small companies to stimulate growth. Treasury has blamed the low participation on a lack of qualified applicants.