Federal Debt Ceiling

Wells Fargo CEO Charlie Scharf today issued the following statement regarding the federal debt ceiling:

“Congress should act to raise the federal debt ceiling. Failing to quickly resolve the impasse runs the risk of imposing lasting harmful effects on the creditworthiness of the United States at a critical time. There should be no doubt that the United States will meet its financial obligations.”

About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is the leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 37 on Fortune’s 2021 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo.

Contact Information
Media
Jennifer Langan, 213-598-1490
jennifer.l.langan@wellsfargo.com