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Federal Reserve Governor Randall Kroszner said that small businesses are having a difficult time in accessing credit given the current economic environment. Testifying before the U.S. House Small Business Committee in Washington, DC, Kroszner said that credit to small businesses has tightened substantially...
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According to Scotiabank's Global Outlook released Monday, sharp monetary policy easing, a generous fiscal stimulus package and massive liquidity injections are not sufficient to ward off a deterioration in U.S. economic conditions as the subprime crisis continues to take its toll on the economy and government...