TCS President Ms. Ryan Alexander Statement on the Continuing Resolution and Debt Ceiling Deal

“This bill could have been passed in late September and saved the country and financial markets the waste and inefficiency of the last two weeks. While final legislation was enacted before the debt ceiling trigger, damage has been done. This manufactured crisis has wasted taxpayer money, negatively affected business, reduced the country’s standing in the world, and may have longer term impacts on interest rates.

Policymakers need to get serious about doing their jobs. Instead of waiting until the last minute, lawmakers should quickly turn around and finish full year spending bills for FY14 that respect the spending caps that Congress voted for and the President signed into law under the Budget Control Act.”

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