It’s been a long time coming, but the Obama administration has come up with some tax breaks and lending programs to benefit small business, the creator of most jobs in the US. Probably the most significant measure is the ability for small businesses to go back and carry back operating losses from as long as five years ago.
US shares are rallying on the news and on continued improvement in bank stocks. EUR/USD trades at 1.3025 after a pair of dips to the 1.2980 area.
