Los Angeles Times (09/30/13) Don Lee
The nation’s economy has been expanding for more than four years, but the recovery from the Great Recession has been repeatedly held back by political budget battles. Many analysts forecast that a two-week partial government shutdown would shave 0.3 to 0.4 of a percentage point from economic growth in the fourth quarter, mostly stemming from lost pay for hundreds of thousands of furloughed federal workers. Longer downtime likely would mean increasingly larger and escalating problems for the economy, including greater volatility in financial markets.
Exclusive Guide to Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.