A diverse group of trade organizations is behind a letter urging Congress to approve a bailout package to loosen credit markets, and ease the financial burdens plaguing many of their members companies.
On top of shrinking margins, election-year pressures find most retail CFOs "very concerned" about potential higher taxes, fewer incentives as a result of possible tax reforms.
The two groups are jointly urging Congressional action to pass the Credit Cardholders' Bill of Rights Act of 2008 (H.R. 5244), the Credit Card Fair Fee Act (H.R. 5546 and S. 3086), and the Credit Card Interchange Fees Act of 2008 (H.R. 6248).
A new report from the market info company says consumer concerns about debt, jobs, and discretionary spending are trumping worries over terrorism, immigration, and war.