White House: Federal Government Can 'Fill the Void' if There's a Credit Crunch

On Wednesday's broadcast of CNBC's "Squawk on the Street," White House National Economic Council Deputy Director Bharat Ramamurti stated that if there is a credit crunch, the Small Business Administration (SBA) "may have some authorities to step in and fill the void." And the administration believes they can "get what we need from" Congress "in terms of filling that gap."