Washington – Business Roundtable today issued the following statement on House passage of a two-year budget deal that raises the debt limit, and urges the Senate to pass this legislation:

“We applaud the House members who demonstrated leadership and commitment to economic stability by voting for the two-year budget and debt limit agreement,” said Mark Weinberger, Global Chairman and CEO of EY and Chair of the Business Roundtable Tax and Fiscal Policy Committee.“Now, the Senate must act on a bipartisan basis to quickly pass this legislation.”

“This budget agreement will support consumer confidence and encourage businesses that invest in the U.S. economy,” said Randall Stephenson, Chairman and CEO of AT&T Inc. and Chairman of Business Roundtable. “This legislation is a significant first step toward addressing America’s long-term fiscal challenges. Congress and the Administration should build on this bipartisan effort to enact policies that will create the conditions for stronger economic growth.”

In September, Business Roundtable sent a letter urging congressional leaders to address fiscal and budget challenges. Learn more about Business Roundtable positions on tax and fiscal policy here and the 2015 growth agenda here.