NRF Calls for "Immediate End" to Government Shutdown
October 10, 2013,
WASHINGTON-The National Retail Federation has sent a letter to leaders of the U.S. Congress urging them to work with the Obama administration to end the government shutdown.
In the letter, NRF President and CEO Matthew Shay said, "We strongly support passage of both a continuing resolution to provide funding of the federal government into the next fiscal year and a measure to raise the nation's debt ceiling." Shay cited economic indicators that show that the shutdown has hurt consumer spending and depressed consumer confidence. He pointed out that recent figures from Gallup put consumer confidence at the same levels as that of the 2008 economic collapse.
Shay warned that "a lasting decline in consumer confidence is likely to translate into increased unemployment and slower growth in the coming months." He also noted concerns by retailers about the lack of economic data and the processing of imported merchandise.
An NRF statement said the trade group will be coordinating with retailers and small business owners, and engaging members and grassroots advocates in its effort to get the government to reopen.
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