Business Roundtable welcomes the bipartisan passage of legislation to raise the government debt limit, avoid a devastating financial default and begin to rein in spending.
"Today's actions by the House and Senate avert a crisis and put us on a path toward grappling with our spending problems. This result should be a blueprint for Congress and the Administration to work in concert to address our weakened economy. Businesses, small and large, need our elected leaders to stand together to tear down impediments to job growth and innovation," said Ivan Seidenberg, Chairman of Verizon and Chairman of Business Roundtable.
"This is an important and positive step toward a more sustainable fiscal footing for the nation. Now, we must turn our attention to get the economy moving. As business leaders we hope to see that same spirit of cooperation applied to advance other important initiatives, such as ratifying pending trade agreements and a continued effort on regulatory reform, which will help create the conditions for greater economic growth and spur job creation," said Jim McNerney, incoming Chairman of Business Roundtable and Chairman, President and CEO of The Boeing Company.
Business Roundtable (BRT) is an association of chief executive officers of leading U.S. companies with nearly $6 trillion in annual revenues and more than 13 million employees. BRT member companies comprise nearly a third of the total value of the U.S. stock market and invest more than $114 billion annually in research and development – nearly half of all private U.S. R&D spending. Our companies pay more than $179 billion in dividends to shareholders.
BRT companies give nearly $9 billion a year in combined charitable contributions.
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Contacts:
Business Roundtable
Kirk Monroe, 202-496-3269
Joe Crea,
202-496-3288
