Statement from USHCC President & CEO Javier Palomarez on Debt Ceiling Agreement

WASHINGTON, Oct. 17, 2013 (GLOBE NEWSWIRE) -- "The United States Hispanic Chamber of Commerce (USHCC) commends Congress for illustrating political courage to reach an agreement on a deal that reopens the government and temporarily prevents catastrophic default by raising the debt ceiling. While we celebrate this victory, we understand that this is merely a short-term solution to a long-term problem. Washington's current environment of divisiveness and brinkmanship has reached its tipping point. The latest threats of default created signs of uncertainty that stressed national – and international – markets. The USHCC urges members of Congress and the Administration to work together and pass legislation that sensibly reduces our deficit and sets us on a sustainable path of economic growth."

About the USHCC

Founded in 1979, the USHCC actively promotes the economic growth and development of Hispanic entrepreneurs and represents the interests of over 3 million Hispanic owned businesses across the United States that contribute in excess of $465 billion to the American economy each year. It also serves as the umbrella organization for more than 200 local Hispanic chambers and business associations in the United States and Puerto Rico. For more information, visit www.USHCC.com.

CONTACT: Valentina Pereda USHCC Director of Communications 202-489-2932Source:United States Hispanic Chamber of Commerce