US Chamber of Commerce urges 'yes' vote on debt deal

WASHINGTON (REUTERS) - The United States (US) Chamber of Commerce said on Wednesday it was urging members of the Senate and House of Representatives to vote "yes" on a bipartisan deal to raise the debt ceiling and end a federal government shutdown.

"The consequences to the US economy and the American business community of a default are too extreme to be allowed to occur," Mr Bruce Josten, the powerful business group's senior lobbyist, said in a statement explaining its position.

The Chamber also said default will not contribute to an environment in Congress that would rein in spending, and said a default would exacerbate long-term debt, deficit and spending issues.

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