Release Date: October 15, 2013
Contact: Katrina Cavalli, 212.313.1181, firstname.lastname@example.org
Liz Pierce, 212.313.1173, email@example.com
SIFMA Statement on the Debt Default Threat
New York, NY, October 15, 2013 - SIFMA today issued the following statement from former Senator Judd Gregg, CEO of SIFMA, on the seriousness of the debt default threat:
"These are crucial days. As we enter the final hours before the U.S. hits our debt limit, SIFMA strongly urges the President and Congress to work together to reach an agreement with regard to the debt limit. Defaulting on our debt would have a strong negative effect on the markets and undermine the economy. It is essential that an agreement be reached."
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.