American business leaders say International Affairs Budget will create jobs and build economic security
More than 50 U.S. business leaders – a “Who’s Who” of leading American businesses – called on Congress this week to support the President’s FY 2011 request for the International Affairs Budget. Highlighting the budget’s role in American job creation, trade, and economic security, the letter says “Now more than ever, America’s economy is linked with global trade and economic growth,” and “America’s fastest growing markets—representing roughly half of U.S. exports—are developing countries.” The President’s $58.8 billion International Affairs Budget request will go before House and Senate Appropriators in the coming weeks.
American businesses know this tiny 1.5 percent of the federal budget is important not just to our national security and standing in the world, but also to building and shoring up our economy here at home. “U.S. businesses and entrepreneurs benefit significantly from programs in the International Affairs Budget that provide technical assistance, identify business opportunities, and build stronger legal and economic policy regimes that help developing countries become more reliable trading partners,” the letter says. Read the full letter here.
