Small Business holds tight to cash

A survey out this week shows that small businesses are doing as well or better than they were last year, but they're holding tight to cash and most don't plan to make big hiring or capital spending moves any time soon. Such a finding may render moot all the debate in Washington about aiding small business through either tax cuts or easing of lending. Business owners just won't spend any way, until there's some sign of consumer confidence returning, as I point out in this article in Portfolio.com.