During a congressional budget hearing, the U.S. Small Business Administration (SBA) administrator presented President Donald Trump's Fiscal Year 2027 budget proposal and detailed efforts to reform the agency.
The administrator criticized the previous administration's management of the SBA, citing alleged weaknesses in financial controls, fraud prevention, technology, and lending oversight. The testimony highlighted new underwriting standards, cost-cutting measures, modernization efforts, and record lending figures while emphasizing support for America's 36 million small businesses.
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