Washington, D.C. – The Payments Leadership Council issued the following statement from Founding Director Raj Date on the need to raise the debt ceiling:
“To preserve the full faith and credit of the United States federal government, we urge policymakers to affirm the nation’s financial integrity and move forward with an increase of the debt limit without delay.
Failing to raise the debt limit would damage US creditworthiness and financial stability. A potential default on existing obligations would undermine confidence in the US economy, and in turn jeopardize the ongoing economic recovery for consumers and small businesses around the country.”
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