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Washington, DC—As tensions around a deal to raise the debt limit continue to rise, some of the world’s most respected economists will present a letter to Congress urging them to move forward and act swiftly without sharply cutting federal spending. This letter, to be released today, and signed by 235 economists and 5 Nobel Laureates, argues that the debt limit must be raised because failure to do so would cause devastating global and domestic economic consequences.
To give reporters an opportunity to review the letter with some of the signatories, the Economic Policy Institute and Center for American Progress will hold a press call today, June 29, 2011 at 1:00 pm EDT, to discuss the real effects of the debt limit on the nation’s struggling economy. Join Nobel Prize winning economist Robert M. Solow, former CEA chairman Alan Blinder, and EPI’s Lawrence Mishel to discuss the implications of delayed action and ignoring revenues in a debt limit deal.
WHO:
Robert M. Solow, Nobel Laureate and President of the Cournot Centre for Economic Studies
Alan Blinder, Professor of Economics and Public Affairs at Princeton, former Vice Chairman of the Federal Reserve System’s Board of Governors, former Member of Council of Economic Advisers
Lawrence Mishel, President, Economic Policy Institute
Moderated by:
Heather Boushey, Senior Economist, the Center for American Progress
WHAT: Media Conference Call to discuss why we must raise the debt ceiling
WHEN: 1:00 pm EDT
Wednesday, June 29, 2011
CALL IN INFO: (877) 210-8943
PASSCODE: 78810111
***Note this call will be recorded. By dialing into this call you consent to be recorded.***
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The Economic Policy Institute, or EPI, is an independent, nonprofit, nonpartisan research institute—or "think tank"—that researches the impact of economic trends and policies on working people in the United States and around the world.