(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."

Read it all.

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

0 Comments Posted December 21, 2012 at 6:31 am

To comment on this article: To article and comments

<< Back to main page

The URL for this article is http://www.kendallharmon.net/t19/index.php/t19/article/46723/

© 2013 Kendall S. Harmon. All rights reserved.

For original material from Titusonenine (such as articles and commentary by Dr. Harmon) permission to copy and distribute free of charge is granted, provided this notice, the logo, and the web site address are visible on all copies. For permission for use in for-profit publications, please email KSHarmon[at]mindspring[dot]com