Obama urged to elevate small business agency to Cabinet

December 9, 2008

Sen. Olympia Snowe, R-Maine, ranking member of the Senate Small Business Committee, sent a letter Monday to President-elect Obama asking him to elevate the Small Business Administration to Cabinet-level status, as it was under former President Bill Clinton.

"During these challenging economic times, it is imperative that the SBA, the federal agency supporting the single-largest creator of jobs in this country, is part of every conversation President-elect Obama has about restoring confidence in the economy," Snowe wrote.

Snowe met with key members of Obama's advisory team about the issue last week, she said in a statement.

She noted that the Bush administration slashed SBA's budget by 27 percent in eight years, the largest funding cut made in any federal agency.

December 9, 2008