Lobbyists Urge Lawmakers To Raise Country's Debt Level
Read More:
Harry Reid, Lobbyblog, Mitch McConnell, National Debt, Special Interests, Transparency,
Business News
Some of the nation's most influential lobbies are urging the Senate to lift the nation's debt limit above $12.1 trillion, reports the Hill.
An association of six special-interest groups including The Business Roundtable, The Financial Services Roundtable and the National Association of Homeowners, sent a letter to Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell on Thursday, claiming it is necessary for the country to take on more debt.
The associations said in a letter on Thursday that it is "critical to ensuring global investors' confidence in the creditworthiness of the United States, that Congress approve the administration's request for a higher debt limit."
The House took action earlier this year to raise the country's debt limit to $13 trillion.
-- Jenna Staul
Loading comments…
First Posted: 09-10-09 01:00 PM | Updated: 09-15-09 10:09 AM