Release Date: January 31, 2013
Contact: Andrew DeSouza, 202.962.7390, firstname.lastname@example.org
Liz Pierce, 212.313.1173, email@example.com
Statement on Senate Passage of Debt Limit Suspension
Washington, DC, January 31, 2013—SIFMA today released the
following statement from Kenneth E. Bentsen, Jr., executive vice president,
public policy and advocacy in response to Senate-passage of a bill that would suspend
the nation’s debt limit through May 18. The House previously passed the legislation
on January 23.
“SIFMA commends the Senate for
taking quick 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 uncertainly and raise
questions about our nation’s credit-worthiness.”
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.