House hearing spotlights SBA’s 8(a) overhaul as tribes press for application backlog relief

Tribal participation in the U.S. Small Business Administration’s 8(a) Business Development Program took center stage Tuesday as lawmakers pressed SBA Administrator Kelly Loeffler on a months-long slowdown in application approvals, a sweeping audit of the program and the administration’s plans for future reforms. During a House Appropriations subcommittee oversight hearing, Rep. Tom Cole, R-Okla., repeatedly…

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USMCA Annual Reviews to Bring Stability, Reduce Brinkmanship

While the US decision to forgo an automatic 16-year extension of the USMCA initially prompted negative headlines, the shift to an annual review framework through 2036 establishes a more predictable institutional process for managing the agreement. According to trade ministers Marcelo Ebrard and Dominic LeBlanc, as well as analysts at Banorte and HSBC México, the…

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Citi Finalizes Banamex Separation Timeline for 2027

Citigroup’s finalized separation from Banamex, scheduled for early 2027, marks a major milestone in Mexico’s retail banking sector as the institution transitions back to local ownership under Fernando Chico Pardo. The freeze on share sales for the remainder of 2026 allows the restructured local shareholder base to focus on operational efficiency and financial stabilization. This…

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