Biden Officials Urge CEOs to Pressure Congress

[applegrove]

Biden Officials Urge CEOs to Pressure Congress

May 5, 2023 at 1:37 pm EDT By Taegan Goddard 13 Comments

https://politicalwire.com/2023/05/05/biden-officials-urge-ceos-to-pressure-congress-on-debt-ceiling/

"SNIP..........

“Top officials from the Biden administration have begun calling corporate CEOs about the looming debt limit, urging them to reach out to members of Congress to try to instill some urgency about the crisis,” Punchbowl News reports.

“The extent to which House and Senate Republicans care about this kind of outreach from chief executives is questionable.”

“This does signal a new level of nervousness at the White House in pressuring Congress ahead of a default. And it shows that Wall Street and corporate America are getting antsy about the lack of urgency on Capitol Hill even as the Treasury Department warns that the U.S. government could hit the default deadline as early as June 1. Yields on Treasury bonds have already begun to rise as investors grow concerned about a potential fiscal meltdown.”

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[Tree Lady]

1. My congressman is far right

and I know what he would say if I contacted him. That Biden should go along with the cuts the republicans want to do. He is a lost cause my congressman. He lives 15 min from Idaho and yet covers my area 8 hour drive away in southern Oregon. Has the entire east Oregon rural area. Ashland and Bend unfortunately are not enough people to send the other way.

I think both sides are playing a scary game of chicken hoping each other will back down. Of course I hope the republicans will back down but they will do anything to win including screwing over the country.

[Fiendish Thingy]

2. If they CEO's commit to withholding all political contributions, the GOP will cave

Corporate America stands to lose a lot more from default than they would with Dems in charge.