Warning that the economy could ultimately be driven back into recession as a result of the federal government’s partial shutdown, leaders from the nonprofit, business and public sector urged the President Barack Obama and members of Congress to end the stalemate and avoid a default on the nation’s debt.
In a joint letter signed by Stacey D. Stewart, U.S. president of United Way Worldwide, U.S. Chamber of Commerce President Thomas J. Donohue, AFL-CIO President Richard Trumka, the trio said they agree on one thing: the current shutdown is harmful and the risk of default is “potentially catastrophic” for the economy.
“Our three disparate sectors share a common view – no one benefits from the current shut-down and everyone will be harmed if the government defaults. It is in the interest of our nation that Congress restore the normal functioning of our political process, fund the government immediately and quickly move to resolve the impasse over the debt ceiling limit. We urge all our leaders in Washington set aside the many issues we disagree about, reach across the aisle and end the shutdown and the threat of a national default,” they wrote.
“Large and small businesses, the workforce (especially federal workers), people who rely on public and privately-funded social services, and communities at-large, are all being harmed by the shutdown,” the 332-word letter states.
“The longer the shutdown continues, the more people and communities’ economic security will be damaged.”