I agree, that uncertainty undermines the economy. A quote that the gentleman said on the floor last year: Working families and businesses remain gripped by economic uncertainty, and to this day Washington has only made the problem worse. If we want to cut into the 9.8 percent unemployment, Mr. Chairman, we have to instill confidence in the economy and begin to foster an environment for job creation. I suggest to the gentleman we will not do that until we come to an agreement. Both sides need to work toward that end. I agree with the gentleman on that. I am hopeful that the Senate will, in fact, make a suggestion in the near term; I mean, hopefully, in hours and a few days rather than weeks. The 18th will be on us, as you know, very soon. If we don't reach an agreement by next Thursday, in my opinion, we will not be able to get the paperwork done to get a bill ready to pass by Friday the 18th, 2 weeks from tomorrow. I think that will be unfortunate and will lead to uncertainty and disruption, both in the public sector and in the private sector.
Editor's note · Context
The speaker addresses the need for bipartisan cooperation to resolve fiscal uncertainty and its impact on the economy.
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