Debt ceiling fight pits corporate America against Republicans
The debt ceiling battle on Capitol Hill is pitting corporate America against congressional Republicans in a test for business groups that have historically aligned with GOP lawmakers on economic issues.
Senate Republican leaders are digging in on their opposition to raising or suspending the debt limit, prompting sharp warnings from lobbying groups that represent some of the biggest U.S. corporations.
The stakes are high in the standoff between Democrats and Republicans. Defaulting on the debt — or even coming dangerously close to doing so — could undermine the nation’s credit...