The U.S. Chamber of Commerce warned Congress on Thursday. Businesses are “fed up” with traffic jams.
At its annual conference, America’s largest business lobbying group encourages bipartisan breakthroughs on immigration, permits, debt ceilings, and other key issues to free corporate Americans from a divided legislative body. I made it clear that I wanted results.
The message comes as lawmakers worry that the Senate and House will struggle to reach consensus on the appropriation bill that will have to pass, let alone a bolder legislative effort.
Suzanne Clark, CEO of the American Chamber of Commerce, said: “Polarization, deadlocks, excesses, and an inability to act wisely and strategically for the future are causing us all to fail at our jobs. “It’s getting harder to do our part and move this country forward.” Said.
Business lobby fears debt ceiling crisis
The debt ceiling was featured throughout the Chamber of Commerce meeting, highlighting concerns in the business community over the potential for a historic debt default that would devastate the US economy.
House Speaker Kevin McCarthy (R-California) has promised a combination of debt ceiling hikes and spending cuts as part of a deal with Republican opponents to win the gavel, leading to a dangerous stalemate later this year. There is an increased risk of becoming ill.
“We had dinner last night with a large group of business leaders and members of the board of directors and talked about our priorities. There was fear and empathy about the need,” Clarke told reporters.
Still, Chamber officials said they shared Republican concerns about the national bond and pointed to a possible overhaul of the entitlement program.
“This is not an either/or. We can find bipartisan solutions to both, but the consequences of failing to do so must be unacceptable to everyone. not”
The US is rapidly approaching its $31.4 trillion borrowing limit. The Treasury Department will have to take “special measures” to release cash to pay borrowers earlier this month, and the measures are likely to last until July or August.
In an interview with Chamber of Commerce’s Evan Jenkins, a former Republican Rep., Rep. David Joyce (Ohio, Republican) said his caucus’ debt-limiting strategy was “embarrassing.”
“These are debts that are due and payable. We borne them, and now we need to honor those debts.
Experts say a default would undermine confidence in the U.S. political system, send interest rates skyrocketing and put millions of Americans out of work.
“Ideological differences, political differences, it is debatable…but risking America’s economic standing, risking debt default, risking economic catastrophe is upheld. It’s not an option,” Rep. Abigail Spanberger (D-Va.) said in an interview with the Chamber of Commerce at Thursday’s event.
Chamber Overtures House Republicans
In addition to emphasizing the importance of cutting government spending as part of the debt-restriction pact, Clarke on Thursday made McCarthy’s most I leaned into some of my priorities.
Her statement came at a time when the Chamber of Commerce found itself at odds with McCarthy, despite working closely with House Republicans on economic issues. It got worse when the Republican-allied House of Representatives backed vulnerable House Democrats in the 2020 election.
“We worked all day with House Republicans on every part of that meeting, sat next to House Republicans at dinner last night, and talked to them on the way to work this morning,” Clark said.
Clark called on lawmakers to secure the southern border, and partners in the region’s Chamber of Commerce described “a humanitarian crisis hitting towns with little to no federal assistance,” he said. Stated. She said it could be part of a broader immigration reform package to address the labor shortage.
“Even though the border crisis has allowed millions of people to enter our country illegally, businesses are desperately hiring and processing visas for the technicians and nurses our communities need. If we can’t, the government isn’t working,” she said.
Clark welcomed the House Republican House Select Committee’s probe into China, which was approved this week with substantial bipartisan support, and a powerful force to crack down on human rights violations and intellectual property theft in Beijing. He said it could be a tool.
She also denounced crime in big cities, a common point of contention for Republicans and an important part of McCarthy’s agenda.
“So what about the crime scourge sweeping America’s major cities?” Clark said in her prepared remarks. “Customers don’t patronize a business they don’t feel safe with. We don’t do business or stay in high-threat communities, and businesses don’t invest in cities where lawlessness is left unchecked.”
Bradley, meanwhile, noted that support for the 2022 Chamber of Commerce was overwhelmingly directed toward the Republican candidate.
House Republicans have distanced themselves from corporate America in recent years over the social and political standing of big business.
The Chamber of Commerce has close ties to many House Republicans, but leadership can be more difficult.
In November, McCarthy personally asked the Chamber of Commerce’s board to replace Clark with a new leader, but the business group promptly refused. House Majority Leader Steve Scalis (R-La. ) previously told The Hill that he would not attend a meeting with the Chamber of Commerce.