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According to Thomson Reuters LPC, U.S. companies have access to $787 billion in revolving lines of credit. This is down significantly from 2011′s $1.28 trillion. The reduction is due in large part to companies holding back on requests for credit lines due to the uncertainty of the now-passed 2012 elections, as well as the looming fiscal cliff.

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The U.S. dollar fell in value relative to other benchmark currencies last night as President Obama’s re-election was confirmed. Currency investors understand that his re-election means that the Federal Reserve will continue its policy of “quantitative easing,” which has the effect of diluting the value of the dollar. Continue reading.

Small business

The Group of 20 Finance Ministers and Central Bank Governors, also known as the G20, is an influential group composed of the top financial representatives of the 19 largest economies in the world and the European Union’s Central Bank Chief. The G20 was formed in 1999 and they meet regularly to address financial and economic issues impacting the global economy.

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