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“Responsible and timely action will preserve the full faith and credit of the United States and our nation’s important position of global economic leadership,” Financial Services Forum CEO Kevin Fromer said in the statement.īiden and McCarthy reached an agreement Saturday, but the deal isn’t done yet.
The Financial Services Forum, a trade group whose members include Citigroup CEO Jane Fraser, JPMorgan Chase CEO Jamie Dimon and Goldman Sachs CEO David Solomon, issued a statement Tuesday praising the efforts of Biden and McCarthy and urging Congress to adopt the agreement. “Congress should act quickly to pass this agreement and to demonstrate to Americans and to the world the continued strength of our institutions and our democracy.”īig bank CEOs are also pressing lawmakers to green light the debt limit deal. “Defaulting on our debt would create economic chaos, harming manufacturing workers and their families and jeopardizing our leadership in the world,” NAM CEO Jay Timmons, who previously worked as a senior aid to Republican officials, said in a statement. The National Association of Manufacturers, the largest manufacturing trade group in the nation, congratulated Biden, McCarthy and their lawmakers for reaching an agreement. The gravity of this moment cannot be overstated,” said Clark, who added the Chamber will consider this a “key vote” for lawmakers. “Members of Congress must finish the job and send the bill to the President’s desk to be signed into law without delay. Suzanne Clark, president and CEO of the US Chamber of Commerce, said in a separate statement that by reaching a compromise, Biden and congressional leaders have “shown they can come together on a bipartisan basis and act in the best interests of our country.” Bush, said in a statement on Sunday.īolten applauded the agreement for not only raising the debt ceiling through January 1, 2025, but for making a “down payment” on permitting reform and taking steps towards putting America on a “more sustainable fiscal trajectory.” We urge members of Congress to give the legislation their strong support,” Josh Bolten, the CEO of the Business Roundtable and former chief of staff to President George W. “With the US at risk of defaulting in less than 10 days, there is no time to spare. Binance.US shall not be liable for any consequences thereof.īinance.US reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.Leading business groups are praising President Joe Biden and House Speaker Kevin McCarthy for forging a bipartisan agreement to raise the debt ceiling, and they are calling for Congress to pass the legislation before the government suffers a devastating default. The ownership of any investment decision(s) exclusively vests with you after analyzing all possible risk factors and by exercising your own independent discretion. Binance.US does NOT provide investment, legal, or tax advice in any manner or form. We make no representation or warranty of any kind, express or implied, regarding the accuracy, validity, reliability, availability, or completeness of any such information. All information is provided on an as-is basis and is subject to change without notice. Legal disclaimer: This material has been prepared for general informational purposes only and should NOT be: (1) considered an individualized recommendation or advice or (2) relied upon for any investment activities.
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