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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 e-mailed statement to Treasury Secretary Henry Paulson, California Governor Arnold Schwarzenegger said the State of California may have to turn to the Federal Reserve for emergency funding should $700 billion bailout package fail to pass. "This credit crisis has the power to grind the U.S...