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Central Oregon business people are looking at the debt ceiling talks, and like many others they are also expressing their frustration. Compass Commercial President and partner Darren Powderly says there is obviously a lot at stake with the possibility of a drop in our credit rating: “The main discussion has been around the cost of borrowing, and what that would mean for small businesses across America.  And what that would mean for small businesses here in Central Oregon which would put further downward pressure on an already beat up segment of the industry.” Powderly says low interest rates have probably been keeping us out of a double dip recession, depending on the loan. Powderly says they are historically low at 3, 4, 5 and percent: about 2% to 3% lower that they were about 5 years ago. 

 

 

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Traffic & Weather

 

 

 

  • 27th Street Bear Creek Road and Forum Dr. down to a single lane 6a – 10p Signal light at 27th and Forum will be disabled and only right turns off 27th will be allowed.

 

  • Road closures along Roosevelt Ave >< Silver Lake Blvd -Chamberlain St. 7a-5p (9/6-11/20)

 

  • Lane closures and detours Mt. WA Dr at Shevlin Park Road North to Regency (7/11-11/30)
 
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