SIFMA and other trade associations provide comments to the U.S. Congress urging the Members to raise the federal debt limit without delay.

Should the President and Congress fail to work together and raise the debt limit in a timely fashion, the Treasury will be unable to meet government obligations coming due which would trigger a series of events that would inevitably lead to American taxpayers paying more to finance our debt.

SIFMA signed the letter with the following associations: the American Bankers Association (ABA), the American Insurance Association (AIA), the U.S. Chamber of Commerce, the Consumer Bankers Association (CBA), Financial Services Forum (FSF), The Financial Services Roundtable (FSR), the Independent Community Bankers of America (ICBA), and the Investment Company Institute (ICI).