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Inside Washington (08/27/2009)
* WASHINGTON (8/24/09)--The U.S. is only beginning to emerge from a recession, and more challenges lie ahead, Federal Reserve Board Chairman Ben Bernanke said at a symposium in Jackson Hole, Wyo., Friday. The role of liquidity in systemic events indicates that a more systemwide or macroprudential approach to regulation also is needed, he said. Bernanke also discussed the nation’s financial crisis and regulators’ response to it, re-iterating the central bank’s work to prevent the failure of more financial firms. “As severe as the economic impact has been, however, the outcome could have been decidedly worse. Unlike in the 1930s, when policy was largely passive and political divisions made international economic and financial cooperation difficult, during the past year monetary, fiscal and financial policies around the world have been aggressive and complementary,” he said ... * WASHINGTON (8/24/09)--Small businesses won a record $93.3 billion in federal prime contracts for fiscal year 2008, an increase of almost $10 billion from 2007, the Small Business Administration said last week. Small disadvantaged businesses, women-owned businesses and service-disabled veteran-owned businesses increased their share of federal contracting dollars by at least $1 billion to $3 billion ...


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