Sachem alum and Nasdaq OMX CEO Robert Greifeld said the U.S. borrowing limit should not be used as leverage by members of Congress to force the Obama administration to cut spending, according to a Reuters story.
The debt ceiling, which could be hit as early as mid-February, the story reads, has been dragged into a high-stakes fiscal battle snarling Washington, with Republicans refusing to raise it unless Democrats agree to deep spending cuts to tame the ballooning national debt. Neither side is giving much ground.
“The full faith and credit of the U.S. government is an important concept that we should not violate, because these are debts that have been incurred and are coming due, so it is just not right,” Greifeld said in an interview last week with Reuters.