Another NAM official said the powerful business and lobbying group is “having conversations with both sides of the aisle,” and that failing to raise the nation’s borrowing limit would have “potentially devastating” consequences by jeopardizing the full faith and credit of the United States.
“You start thinking about signals coming from Washington, not only domestically but to the international community. It could be devastating if we end up with the debt ceiling not getting dealt with,” said Aric Newhouse, the group’s senior vice president for policy and government relations.
The manufacturing group, echoing a letter from the Chamber to House lawmakers this week, expressed support for action on other priorities without imperiling the borrowing limit.
“But Keystone, healthcare, to actually lower healthcare costs, reining in federal spending and getting the nation’s fiscal house in order ... that has got to get dealt with as well,” Newhouse said. “Does it get dealt with in the context of the a debt ceiling, does it get dealt with in the context of the regular legislative order, it just has to get dealt with.”
“Regular order would be our preference,” Timmons said in an interview with reporters and editors from The Hill.