Washington, D.C. – TechNet, the national, bipartisan network of innovation economy CEOs and senior executives, today issued the following statement, attributed to TechNet President and CEO Linda Moore, following the bipartisan passage of the Fiscal Responsibility Act in the U.S. Senate:

“We applaud the Senate for passing the Fiscal Responsibility Act and coming together to raise our nation’s debt limit. Today’s bipartisan vote was a critical step to avoid a historic default and ensure our country pays its obligations without delay.”

Earlier this week, TechNet applauded the passage of the Fiscal Responsibility Act in the U.S. House of Representatives. Last month, TechNet authored a multi-industry letter signed by 18 other leading organizations urging Congress to fulfill its bipartisan responsibility and raise the nation’s debt immediately.