MEDIA CALL ADVISORY: Why Raising the Debt Limit is Imperative

June 29, 2011

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Contact: Madeline Meth
Phone: 202.741.6277
Email: mmeth@americanprogress.org

To hear today’s press call, click here.

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.