Washington – Business Roundtable today strongly urged the Joint Select Committee on Deficit Reform to move forward on a $1.2 trillion deal which would be considered a down payment on the additional serious discussions the U.S. must have to ensure a sustainable fiscal footing and better economic future.  BRT members recognize that the magnitude of the ten-year economic problem is in fact $7 to $8 trillion dollars.

The success of the Joint Committee is a critical first step toward ensuring the nation’s economic well being, our continued recovery from recession, and the creation of millions of much-needed new jobs,” said Jim McNerney, Chairman, President and CEO of the Boeing Company and Chairman of Business Roundtable, in a letter today sent by Business Roundtable’s Executive Committee after a meeting in Washington.