Release Date: January 23, 2013
Contact: Andrew DeSouza, 202.962.7390, firstname.lastname@example.org
Liz Pierce, 212.313.1173, email@example.com
SIFMA Statement on Suspension of Debt Limit
Washington, DC, January 23, 2013—SIFMA today released the following statement from Kenneth E. Bentsen, Jr., executive vice president, public policy and advocacy in response to House-passage of a bill that would suspend the nation’s debt limit through May 18.
“SIFMA applauds the House for taking action to suspend the debt limit. Congress and the Administration should ensure that our country never defaults on our obligations. Addressing the debt limit, for even a short period, brings a certain amount of certainty to the markets.
“As the Administration and Congress move to adopt a budget and address our nation’s fiscal situation, it will be imperative to deal with the debt limit on a more long-term basis. Continual short-term extensions of the limit create unnecessary market uncertainty and raise questions about our nation’s credit-worthiness.”
The Securities Industry and Financial Markets Association (SIFMA) brings together the shared interests of hundreds of securities firms, banks and asset managers. SIFMA's mission is to support a strong financial industry, investor opportunity, capital formation, job creation and economic growth, while building trust and confidence in the financial markets. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.