Washington - Business Roundtable CEO Joshua Bolten today released the following statement after the House approved H.R. 3746, the Fiscal Responsibility Act of 2023:
“Business Roundtable applauds the House for passing bipartisan legislation to stave off a default and preserve the full faith and credit of the United States. Finding common ground is an essential element of our democracy, and we thank House Republicans and Democrats for coming together to advance this important measure.
“The deadline to raise the debt ceiling is rapidly approaching, and the likelihood of triggering a negative market reaction with severe economic consequences will only increase as we approach the precipice. We call on the Senate to eliminate the threat of a default by passing this bipartisan bill as soon as possible.”