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More than 60 groups press Congress on ‘critical’ need to raise debt ceiling

Chamber of Commerce, NAM and Financial Services Forum lead broad campaign A coalition of 61 diverse trade groups sent a letter May 11 to congressional leaders urging them to raise the nation’s debt limit, saying financial recovery hangs in the balance. The U.S. Chamber of Commerce, the National Association of Manufacturers and the Financial Services Forum coordinated the effort, Rob Nichols, CEO of FSF, told CEO Update. “Raising the debt limit is critical to preserving global investors’ confidence in the creditworthiness of the United States,” the letter states. “With economic growth finally picking up, we can’t afford the massive spike in borrowing costs that would… Read More