Corporations Promise Obama They'll Pay Small Businesses Faster

President Barack Obama (center), National Economic Council Director Jeff Zients (left) and White House Senior Advisor Valerie Jarrett meet with more than 40 company executives and their small business suppliers in the Eisenhower Executive Office Building on July 11 in Washington Photograph by Chip Somodevilla/Getty Images

Here’s good news for business owners accustomed to waiting months for corporate customers to pay their bills: 26 companies, including Apple, FedEx, and Johnson & Johnson, pledged to pay Main Street suppliers more quickly in a deal announced by the White House today.

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