Meet U.S. Obligations, Raise the Debt Limit

By April 20, 2011Economy, Taxation

From The Hill, “Business groups likely to align with president in debt-ceiling fight“:

“We have been very upfront. We support an increase in the debt limit. We need to meet our obligations,” said Dorothy Coleman, vice president of tax and domestic economy policy for the NAM. “There is a huge downside to default.”

NAM remains neutral on the question of attaching a long-term deficit-reduction plan to the debt-ceiling vote.

“We have been neutral on how it gets done. Our interest is that it does get done in a timely fashion,” Coleman said.

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