(WSJ) CEOs Frustrated With Fiscal Cliff Standstill

Posted by Kendall Harmon

A long line of America's top chief executives have rotated through Washington in recent weeks, loudly urging lawmakers and the White House to reach a broad deal to fix the budget. They once sounded optimistic. Now many of them aren't talking, and if they are, they're gloomy.

Mark Bertolini, chief executive of health-insurance company Aetna Inc., called the state of play "pitiful and embarrassing," saying the chances are growing that a deal might not be reached by the end of the year to avert $500 billion in tax increases and spending cuts.

"Set aside my interest as the CEO of a participant in the economy here—as an American, I'm embarrassed if that's where we end up," Mr. Bertolini said in an interview. "It feels like it's starting to fall apart."

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Filed under: * Economics, PoliticsEconomyCorporations/Corporate LifeTaxesThe U.S. GovernmentBudgetMedicareSocial SecurityPolitics in GeneralHouse of RepresentativesOffice of the PresidentPresident Barack ObamaState Government

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Posted December 21, 2012 at 6:31 am [Printer Friendly] [Print w/ comments]
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