Washington, D.C. – TechNet, the national, bipartisan network of innovation economy CEOs and senior executives, co-authored a letter urging Congress to raise or suspend the debt limit and protect the full faith and credit of the United States. The letter was signed by five leading organizations representing a cross-section of the technology industry. The following can be attributed to Linda Moore, TechNet President and CEO:
“Over the past 60 years, both parties have raised or suspended the debt limit to enable the government to pay for items that Congress and the Administration have already approved. If no deal is reached and Congress defaults on the government obligations, the consequences would be catastrophic for our economy. Even the threat of a default could threaten American businesses, workers, and global competitiveness. We urge Congress to once again act in a bipartisan way and vote to raise or suspend the debit limit to ensure continued economic prosperity.”