Sixty-five percent of small business owners say they will be negatively affected if Congress fails to raise the debt limit, according to a new survey.
"This issue of default with a subsequent recession would drastically have a negative impact on our business personally because it would cause our clients, our customers, to condense their spending," Larkin said. Her company TargetGov helps businesses pursue federal contracts across the country – everything from construction opportunities to cybersecurity, even work cleaning office buildings..
"These survey results make clear that a default would have very negative ramifications for small business owners," said Joe Wall of Goldman Sachs 10,000 Small Businesses Voices."Over the coming weeks, America's small business owners will be looking to Washington for certainty and a sound resolution to the nation's credit crunch."
But Congress appears no closer to reaching a deal than it did in January when Yellen first urged action. House Republicans passed a bill that includes dramatic spending cuts that are dead on arrival in the Senate. The Biden Administration has maintained it would like Congress to pass a clean debt limit bill and spending can be addressed separately.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
From TikTok to '90s rap, Jamaal Bowman is learning to raise his voice in Congress“My lived experience made me political,” Rep. Jamaal Bowman said about finding his voice. 'And hip-hop just bridged the gap between my lived experience and what happens in our larger political system.”
Leer más »
Congress should cut VOA's funding until it returns to core missionIn 1942, the U.S. government stood up Voice of America (VOA) to counter Nazi propaganda with accurate news and information. Truth matters, and VOA built its brand. Talk to many Cold War-era refugees and immigrants from East Bloc countries, and they will readily reminisce about secretly listening to…
Leer más »
As Fed examines banking woes, small businesses already feel the crunchOfficials don’t know how significant the repercussions of recent bank failures will be as they convene on Tuesday and Wednesday
Leer más »
Photos of the Tarantula Migration Through a Small Town in ColoradoThe story behind the unique tarantula migration that takes place annually just outside a small town in Colorado and the conservation efforts to assure it continues.
Leer más »
AOC, Matt Gaetz team to push bill banning Congress members from owning, trading stocksThree US House lawmakers spanning the partisan divide have introduced a bipartisan bill to ban all stock trading for members of Congress.
Leer más »
Sen. Chris Murphy says Congress should approve nearly $1B for fentanyl fightSen. Chris Murphy of Connecticut says Congress should spend nearly $1 billion in the next fiscal year to combat fentanyl trafficking because the overdose crisis “is unlike anything we have faced before.”
Leer más »