Starbucks CEO Howard Schultz Commends House of Representatives on Budget Approval

SEATTLE (December 12, 2013) - Starbucks Coffee Company (NASDAQ: SBUX) issued the following statement from its chairman, president and ceo Howard Schultz commending the U.S. House of Representatives for passing a bipartisan, two-year federal budget today.

“I want to commend our elected leaders in the U.S. House of Representatives for putting aside their partisan differences and achieving an important, while not perfect, budget agreement. This deal provides important stability to our economy at a critical time for all Americans, and avoids another disastrous shut-down or default.

“Citizens simply cannot afford a repeat of the past, and this action restores some needed confidence in our future. The bipartisan leadership of U.S. Senator Patty Murray (D-WA) and U.S. Representative Paul Ryan (R-WI) demonstrates what is possible when we come together with civility and for a common purpose to serve the greater good of the country. The Senate should follow their lead and pass this budget.”

This fall nearly two million Americans signed a petition posted in Starbucks stores across the U.S. and on the company’s website urging Congress and the White House to reach a deal to resolve the U.S. budget crisis.