Business Roundtable Statement on President Biden, Speaker McCarthy Debt Ceiling Meeting

May 22nd, 2023

Washington - Business Roundtable CEO Joshua Bolten today released the following statement after the meeting between President Biden and Speaker McCarthy at the White House:

We are hopeful that today’s productive conversation between President Biden and Speaker McCarthy on raising the debt ceiling leads to a bipartisan agreement in the coming days. From widespread job losses and decimated retirement savings to higher interest rates on credit cards, car loans and mortgages, every American will be affected if the U.S. defaults. The clock is ticking, and Business Roundtable urges both sides to move swiftly to secure bipartisan legislation that can pass the House and Senate and prevent a devastating default.