Washington – Mark A. Weinberger, Global Chairman and CEO of EY and Chair of the Business Roundtable Tax and Fiscal Policy Committee, today issued the following statement urging Congress and the Administration to address the debt limit prior to the November 3 deadline.

 

“America’s business leaders strongly encourage the President and Congress to show united leadership and quickly address the federal debt limit. We must not risk the full faith and credit of the U.S. government by jeopardizing its ability to pay existing obligations. Failure to adjust the U.S. federal debt ceiling would have severe consequences for the U.S. and global economies – seriously eroding the country’s credit position, rattling financial markets, harming business confidence and impairing capital investment and employment.”

 

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 our 2015 growth agenda here.