Nation’s mayors demand Congress respect its responsibility to expand federal borrowing authority

WASHINGTON, September 17, 2021 / PRNewswire / – In order to avert a national financial crisis, the United States Conference of Mayors (USCM) calls on Congress to extend the debt ceiling and avoid the kind of scam that could threaten the US economy . Demanding urgent bipartisan action, USCM President, Mayor of Dayton (OH) Nan whaley issued the following statement:

“The two parties in Washington have increased our debt, and both parties have an obligation to ensure United States can continue to pay his bills. This is one of Congress’ most fundamental responsibilities, and there is no good reason for lawmakers to create a crisis that undermines the full faith and credit of United States. Failure to raise the debt ceiling would cause our economy to plummet and destroy the federal-local partnership so important to American cities. Health care, food security, education and housing would all be at serious risk. A default would also trigger catastrophic ripple effects in credit markets and hamper the ability of municipal governments to fund our own services. Now is not the time to let partisan politics reverse the progress we have made. Congress must act now to secure our economic future and maintain our global position. “

About the United States Conference of Mayors The United States Conference of Mayors is the official non-partisan organization of cities with a population of 30,000 or more. Today there are more than 1,400 such cities in the country, and each city is represented at the Conference by its principal elected, the mayor. Like us on Facebook or follow us on Twitter.

SOURCE United States Conference of Mayors

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