Smaller businesses may be affected
The big news over the past few weeks has of course been the downgrade from Standard & Poor. The U.S. creditworthiness was reduced from a perfect AAA rating to a AA+ rating. We saw the immediate repercussions in the stock market but what other effects are on the horizon? Small businesses were already hurting and many never fully recovered from the original recession, so to them it may seem like just another bad year. But for some businesses, it means that growth may be almost non-existent. There actually are a few good side effects from the downgrade that businesses can be happy about, like the Federal Reserve’s promise to keep interest rates at record lows. Find out what pros and cons small businesses can expect to see from this historic, economic event.