SIFMA today issued the following statement from former Senator Judd Gregg, CEO of SIFMA, on the seriousness of the debt default threat:
"These are crucial days. As we enter the final hours before the U.S. hits our debt limit, SIFMA strongly urges the President and Congress to work together to reach an agreement with regard to the debt limit. Defaulting on our debt would have a strong negative effect on the markets and undermine the economy. It is essential that an agreement be reached."
