Businesses urge Congress to resolve to government shutdown
Thursday, October 03, 2013 3:39 PM
Business representatives have a message for the U.S. government. Surprisingly, it is: We need a government.
The U.S. Chamber of Commerce sent lobbyists to Capitol Hill yesterday to stress the importance to lawmakers of ending the shutdown, Bloomberg reported.
Top Wall Street executives also gathered at the White House to warn of the consequences if no resolution is found to the next crisis, which is a potential default on federal debt.
Business community pressure has worked in the past. In 2012, the Chamber of Commerce fought against the Tea Party to secure the reauthorization of the U.S. Export-Import Bank. It also lobbied to end the 1996 shutdown, which lasted 21 days.
One thing that won't be resolved in time: the monthly jobs report released by the Department of Labor, CNNMoney reported.
This is only the second time that the report has been delayed, with the previous delay coming during the 1996 shutdown.
Independent economists were expecting the unemployment rate to remain at 7.3 percent in September.