U.S. CEOs Put Pressure on Washington

U.S. CEOs Put Pressure on Washington

Concerned about the growing national debt, CEOs from some of America’s most profitable corporations are gathering to put pressure on Washington, reports the Chicago Tribune.  In a letter to be released Thursday, the CEOs call for Congress to find a plan to fix the deficit.

If Congress fails to pass a deficit reduction deal by the end of this year, it will automatically trigger massive cuts and tax increases that could hurl the U.S. over a fiscal cliff.  This would no doubt ruin any chances of economic recovery in the near future.

The CEOs recommended that Congress enact measures based on the Simpson-Bowles Commission.

For more, read the Chicago Tribune.

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