Columbia Business School posted a 19% drop in applications to its flagship two-year master of businessadministrationprogram this year, after four years of rapid growth.
Obama called for a program of loans for small businesses made through either the federal Small Business Administration's Disaster Loan Program or by private lenders.
The Army Corps of Engineers is working to ensure that the drought doesn't impede navigation of the nation's rivers, and the Small BusinessAdministration is conducting a major outreach program so that farmers, ranchers, and other businesses affected by the drought know about the emergency resources available to them.