The CEO of AT&T blasted any possibility of...
The CEO of AT&T blasted any possibility of the U.S. government defaulting on its loans. “It is unthinkable that the United States could default on its financial commitments, and it would be the height of irresponsibility for any public official…
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to consider such a course,” said AT&T CEO Randall Stephenson in a statement Friday (http://bit.ly/1gaWfzO). “In fact, even the discussion of default poses great risk to our economy and to our country. It is imperative to our Nation that the overwhelming majority of our public officials who recognize this reality unite their efforts, regardless of party, to bring a responsible solution forward.” Stephenson has personally contributed to largely Republican political causes in recent years, although has also donated to Senate Majority Leader Harry Reid, D-Nev., and House Minority Whip Steny Hoyer, D-Md., disclosures show. If Congress doesn’t raise the debt limit, the U.S. is expected to default on its obligations in mid-October.