Linda McMahon, head of the Small Business Administration, discusses her appointment to the role and her journey rising through the ranks of the business world. McMahon was made head of the S.B.A. by President Trump.
McMahon says in her first year as head of the S.B.A, she was surprised by how little people knew about it. McMahon explains the S.B.A is much more than just loans, as they've offered assistance to areas hit by natural disasters. The agency made more then 96,000 loans to businesses in the mainland U.S. and Puerto Rico.
McMahon is encouraged by the loans her agency has given to female business owners, totaling over $8 billion for fiscal year 2017. McMahon says those loans are already a $500 million increase over the previous year.
A new report said the private sector added 103,000 jobs in November while refinance applications climb as mortgage rates dip. Plus, the FTC is once again looking to block the Microsoft-Activision deal and McDonald's is looking to buy 10,000 new locations by 2027.
Fans of the Grand Theft Auto series got a glimpse of the latest release that's not due out until 2025. The trailer was officially released after a leak on the 'X' platform, giving an idea to industry experts of the massive effect GTA will have on the gaming sector. Cheddar News senior reporter Michelle Castillo breaks it all down.
Tax season is around the corner as soon as we conclude the holiday festivities. Mark Steber, chief tax information officer with Jackson Hewitt, joined Cheddar News to discuss some tax changes that people should be aware of and what to expect during next year's tax filing season.
