Wednesday 2 January 2013

CEOs pan fiscal cliff deal, vow to continue debt fight

David Cote, chairman and chief executive of Honeywell, speaks during The Economist's Buttonwood Gathering in New York (Reuters) - U.S. executives largely panned the congressional deal to steer America away from the "fiscal cliff," saying Washington wasted an opportunity to address the nation's long-term debt, but said they would continue to agitate for a better budget plan. While CEOs expressed relief that $600 billion in tax hikes and spending cuts will not kick the fragile economy in the gut, their gratitude was salted with insults. "I think this deal's a disaster," said Peter Huntsman, chief executive of chemical producer Huntsman Corp. "We're just living in a fantasy land. ...




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