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Forum Statement on White House Meeting, Debt Limit

FOR IMMEDIATE RELEASE:

October 2, 2013

CONTACT:

Laena Fallon, (202) 457-8783

WASHINGTON, DC –Lloyd Blankfein, Financial Services Forum Chairman, today issued the following statement after a meeting between Forum CEOs and President Barack Obama:

“We appreciated the opportunity to meet with President Obama, members of his administration, and senior leaders of both parties during our fall meeting.  At the White House, our non-partisan group of CEOs discussed a wide range of issues including fiscal challenges facing our nation, the still-fragile economic recovery, tax policy, and the need to accelerate economic growth and job creation. 

“The CEOs emphasized the critical importance of reaching agreement on a budget to fund the government, ensuring our country is on a sustainable path over the longer term, and acting to maintain the full faith and credit of the United States.  While the current government shutdown is unfortunate, the impacts of a debt default would be magnitudes worse and should not even be considered a viable option.  The economic damage associated with default or near-default would be severe and have serious consequences for the recovery of the U.S. and global economy.”

 

The Financial Services Forum is a non-partisan financial and economic policy organization comprising the CEOs of 19 of the largest and most diversified financial services institutions doing business in the United States. The purpose of the Forum is to pursue policies that encourage savings and investment, promote an open and competitive global marketplace, and ensure the opportunity of people everywhere to participate fully and productively in the 21st-century global economy.

 

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Press Inquiries

For press inquiries please contact:

Laena Fallon

Vice President for Communications

This email address is being protected from spambots. You need JavaScript enabled to view it.

Phone: (202) 457-8783

 

Jen Scungio

Senior Associate for Communications & Social Media

This email address is being protected from spambots. You need JavaScript enabled to view it.

Phone: (202) 457-8759


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The Financial Services Forum is a non-partisan financial and economic policy organization comprising the CEOs of 18 of the largest and most diversified financial services institutions doing business in the United States.

The purpose of the Forum is to pursue policies that encourage savings and investment, promote an open and competitive global marketplace, and ensure the opportunity of people everywhere to participate fully and productively in the 21st-century global economy.