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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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The U.S. Treasury is implementing a "strong, decisive and effective program" including seven policy teams committed to battle the unpredictable credit crisis , said Neel Kashkari, interim head of the new Office of Financial Stability, which will oversee the $700 billion Emergency Economic Stabilization...