Obama To Speed Government Payments To Small Businesses

ABOARD AIR FORCE ONE (Steve Holland) - President Barack Obama will announce plans on Wednesday to accelerate payments to small businesses with government contracts from 30 days to 15 days to expedite the funds and speed job growth.

White House press secretary Jay Carney also told reporters traveling with the president that the Democratic candidate's loss to a Republican challenger in a special New York congressional election on Tuesday was not a reflection on the Democratic Party's general election prospects.

"One election in what had been a Democratic seat is unique to that district," Carney said.

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