Manufacturers Urge Swift Passage of Debt Ceiling Legislation08/01/11 - National Association of Manufacturers (NAM) Senior Vice President for Policy and Government Relations Aric Newhouse released this statement on the Budget Control Act of 2011, which would raise the debt ceiling one day before the deadline:
“Today’s Institute for Supply Management July PMI report is alarming as it shows manufacturing -- one of the bright spots to this economic recovery -- is starting to slow. The stalemate over the debt debate has been adding new levels of uncertainty to the equation. Manufacturers cannot afford default and urge Congress and the President to act now.
The Budget Control Act of 2011 puts the U.S. on a path toward addressing our fiscal challenges.
It is critically important that we all work together to ensure a pro-growth, pro-competitiveness, pro-manufacturing economy, with the recognition that some government-funded programs are critical to our nation’s economic and national security.”