"Corporate America's Celebration Debt Ceiling Deal Achieved! Urgent Plea to Congress for Swift Legislation"
Corporate America Celebrates Debt Ceiling Deal, Urges Congress to Quickly Pass Legislation Leading business groups have expressed their approval of President Joe Biden and House Speaker Kevin McCarthy's bipartisan agreement to raise the debt ceiling. They are urging Congress to pass the legislation promptly to avoid a detrimental default by the government. According to a statement made on Sunday, Josh Bolten, CEO of the Business Roundtable and former chief of staff to President George W. Bush, emphasized the urgency of the situation, stating that there is no time to spare with the risk of the US defaulting in less than 10 days. Bolten urged members of Congress to strongly support the legislation. Bolten commended the agreement for not only raising the debt ceiling until January 1, 2025, but also for initiating necessary reform and taking steps towards ensuring a more sustainable fiscal future for America. Suzanne Clark, president and CEO of the US Cham...