CEOs at White House warn of adverse effects of shutdown, debt ceiling


WASHINGTON, Oct 2 (Reuters) - Major business leadersincluding Goldman Sachs Chief Executive Lloyd Blankfein who metwith President Barack Obama on Wednesday warned of direconsequences if lawmakers fail to raise the U.S. debt ceilingand prevent a government shutdown from lasting a long time.

Blankfein, speaking to reporters after the meeting, said thechief executives represented different political views but allagreed the consequences of decisions made about the shutdown andthe debt ceiling were serious for the financial world.

Business leaders wanted Washington to understand "thelong-term consequences of a shutdown - we're already in theshort-term consequences of a shutdown - but certainly theconsequences of a debt ceiling (not being raised), and we allagree that those are extremely adverse," he said.

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