K Street Ups Pressure for Congress to Raise Debt Limit

Published Jul 17, 2017. By Kate Ackley.

Lobbyist for financial services and business groups are putting more pressure on Congress to quickly raise the debt limit and fund the government “without drama,” according to a July 17 story in CQ Roll Call.

Concord Coalition Executive Director Robert L. Bixby is quoted as saying it is particularly important for lawmakers to act responsibly on the debt limit rather than attempting to use it to gain concessions:

“To me, I don’t think it’s a good leverage point because it’s a trigger that can’t be pulled or should never be pulled. If you want to shut down the government over appropriations, that’s one thing. It doesn’t look good, but needlessly endangering the nation’s credit-worthiness is really irresponsible.”