After Funding Republicans, U.S. Chamber Urges Debt Limit Deal

The U.S. Chamber of Commerce, which spent $29 million last year primarily in support of Republican congressional candidates, is intensifying its push for Congress to raise the debt limit.

A statement issued today by the chamber’s chief economist, Martin Regalia, said that “a small negative impact resulting from failure to increase the debt ceiling and defaulting on our obligations could turn the economy back into a recession.”