Thursday, November 8, 2012

CEOs to Washington: Get a 'Fiscal Cliff' Deal Done

Following President Obama’s re-election on Tuesday, CEOs, investors and other business leaders are pushing for Congress and the president to reach a deal on the looming “fiscal cliff.”
Calling the fiscal cliff a “financial superstorm,” Aetna [AET  42.69    -1.87  (-4.2%)   ] CEO Mark Bertolini said Congress and the president should deal with it during the lame-duck session. “In the end analysis, what we need is leadership. I think what the CEO of our nation needs to do is convene, set the agenda, and say we don't come out of the room until we've got a deal,” he said.
Former Chrysler CEO Robert Nardelli also called for the two sides to come together and address the country's problems. "Let’s get actionable plans on job creation, come together on energy independence, let’s resolve the bickering and the fighting and polarization we’ve had," he said.
AT&T [T  33.6382    -1.1618  (-3.34%)   ] CEO Randall Stephenson is optimistic a deal will get done and when it happens, the U.S. economy will ride a wave of growth spurred on by energy production and technology investment, he told CNBC.
Energy can also be part of the solution to the fiscal cliff, Boone Pickens, the billionaire energy investor, said. He noted that the U.S. has the cheapest oil [CLCV1  85.15    0.71  (+0.84%)   ], natural gas [NGCV1  3.526    -0.052  (-1.45%)   ] and gasoline [RBCV1  2.6183    0.0294  (+1.14%)   ] in the world, which can help bring manufacturing back to the U.S.

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