Small Business
NFIB survey finds small firms squeezed by ACA premium hikes as Senate advances bill to end record shutdown
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A new National Federation of Independent Business report shows small-business optimism softened in October and hiring remains difficult, as owners cite health coverage costs as a mounting strain. The findings arrive as the Senate passes a bill to end a 41-day government shutdown fueled in part by a fight over expiring Affordable Care Act subsidies.
PayPal has submitted applications to establish PayPal Bank in the United States, aiming to better support small businesses with financial services. The company, already a registered bank in Europe, seeks approval from the Federal Deposit Insurance Corporation and the Utah Department of Financial Institutions. If approved, the bank would be chartered in Utah and offer interest-bearing savings accounts.