Small business in the US has been the driver of job-growth for the last generation. Those firms face a very challenging credit environment that can cause firms to fail and slow the economic recovery, Treasury Secretary Geithner says.
Geithner does not address the myriad hoops the Obama administration is making businesses large and small jump through in terms of higher taxes, heath care requirements, cap-and-trade. All the credit in the world will make those proposals easier for small business to navigate…
EUR/USD remains soft in early US trade after stalling at 1.4972 earlier in the day. 1.4910 is next support.
