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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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In an interview with CNBC, Treasury Secretary Henry Paulson said that the U.S. has been in a rough patch but is coming closer to the end of the current credit crisis. Paulson was encouraged by the current government-sponsored entreprises (GSE) reform package and expects the U.S. economy to strengthen...