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January 25, 2011                                   Jen Scungio (202) 457-8759

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WASHINGTON, D.C. – Financial Services Forum President and COO Rob Nichols issued the following statement in response to President Obama’s State of the Union Address to Congress:

"We applaud President Obama's call in the state of the union to 'win the future' by innovating, educating, building, and streamlining government.

"What is needed now is an agenda of specific policy proposals for accelerating economic growth, creating jobs, and reducing the national debt. 

"Our nation is confronted by many challenges that will require a renewed commitment to bipartisan ship and cooperation.

"In his address, the President reminded the Congress and the American people that by working together and focusing on what unites us, we can achieve big things.

"We are particularly encouraged by the President's positive new tone toward business, and are hopeful that the Administration will follow up with specific initiatives to promote business formation, investment, innovation, competitiveness, trade and exports, economic growth, and job creation.

"The Forum welcomes the opportunity to work with the President and leaders in Congress from both parties, because business and government working together is the critical combination required to ensure full economic recovery and jobs for every American who wants to work -- goals we all share."

The Financial Services Forum is an economic and financial policy organization comprised of 20 chief executive officers of the largest and most diversified financial institutions with business operations in the United States. The Forum’s purpose is to promote policies that enhance savings and investment in the United States, and that ensure an open, competitive, and sound financial services marketplace.

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