Washington – Business Roundtable today issued the following statement responding to the U.S. Treasury Department’s use of “extraordinary measures” to avoid breaching the debt ceiling, urging Congress to act quickly to protect the creditworthiness and credibility of the United States:

“Congress must raise the debt limit and conduct the federal budget process in a timely and responsible manner to ensure fiscal stability and to provide certainty to businesses, said John Engler, President of the Business Roundtable. “We have been down this road before and we know that the U.S. economy pays a steep price for budget showdowns and fiscal uncertainty.  Business leaders urge the new Congress to focus on long-term solutions, such as pro-growth tax reform, rather than being gridlocked by fiscal debates.”