In the State of the Union speech, President Barack Obama stated, "...jobs must be our number-one focus in 2010, and that's why I'm calling for a new jobs bill."
With the fiscal crisis forcing states to layoff hundreds of thousands
of teachers, nurses and police officers, the need for more federal job
creation and state fiscal relief support is clear. And there is
substantial momentum building around this issue in the states.
In an effort to stimulate local economic growth and free up credit markets, New MexicoSen. Tim Keller and Rep. Brian Egolf introduced HB66,
which would require the state to give preference to community banks and
credit unions to manage the state's general fund operating cash
depository account. Currently, Bank of America holds the $1.4 billion account.