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Public Statements

Fiscal Cliff Already Hurting Recovery

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This story today from CNN Money should not come as a surprise. A survey shows that the CEOs of major U.S. companies expect to hire fewer people and invest less in the next six months. Why? It's because Washington has failed to address what is known as "the fiscal cliff," the combination of automatic spending cuts from sequestration and the expiring lower tax rates that will hit together on December 31st. It is another huge wet blanket on an already struggling economy. And it didn't have to be this way.


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