Obama to Elevate SBA Chief Karen Mills to Cabinet Position

President Barack Obama said Friday that he will exercise his executive authority to elevate the head of the U.S. Small Business Administration to a cabinet-level position.

By EMILY MALTBY

Full Story: http://online.wsj.com/article/SB10001424052970204542404577158552529949064.html?mod=WSJ_hps_sections_smallbusiness

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SBA Changes: A Deeper Look

President Obama announced Friday that he is elevating the head of the U.S. Small Business Administration, Karen Mills, to become a Cabinet member. The move, he said, is intended to "make sure that small business owners have their own seat at the table."

But as Ms. Mills assumes her new status, the agency she runs is poised to undergo a massive merger—assuming Mr. Obama can entice congress to jump on board with his plan to consolidate six government departments and agencies that focus on business and trade into one.

Here’s a look at what the changes mean for small business owners:

By EMILY MALTBY

Full Story: http://online.wsj.com/article/SB10001424052970204409004577159213409005448.html?mod=WSJ_hps_sections_smallbusiness