CONTACT: Barbara Hagenbaugh
(202) 471-0436
bhagenbaugh@fsforum.com
Washington, D.C. – Financial Services Forum President and CEO Kevin Fromer issued the following statement today regarding the agreement to address the debt limit:
“The Financial Services Forum urges Congress to adopt the agreement between President Biden and Speaker McCarthy to increase the debt limit. We appreciate the efforts of the President and his administration, and the Speaker and other members of Congress, in forging this compromise. Responsible and timely action will preserve the full faith and credit of the United States and our nation’s important position of global economic leadership.”
The Financial Services Forum is an economic policy and advocacy organization whose members are the chief executive officers of the eight largest and most diversified financial institutions headquartered in the United States. Forum member institutions are a leading source of lending and investment in the United States and serve millions of consumers, businesses, investors, and communities throughout the country. The Forum promotes policies that support savings and investment, deep and liquid capital markets, a competitive global marketplace, and a sound financial system.