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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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Small business

The JOBS Act which authorizes new, broader and simpler ways for companies to raise money will go into effect in 2013. But in order for this to happen, the Securities and Exchange Commission, tasked with overseeing the implementation and enforcement of the JOBS Act, must decide on a plan of action by December 31st. It is far from certain that they’ll be able to meet this deadline.

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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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