Businesses Less Worried About Sequester Than Fiscal Cliff
Posted at 1:45 p.m. on Feb. 22
The Financial Times notes an interesting datapoint in the sequestration debate that may provide an insight into how businesses think about fiscal policy: “US business groups and chief executives are lobbying less aggressively to avert the looming budget sequestration than they have during past fiscal stand-offs.”
“John Engler, president of the Business Roundtable, which represents America’s largest companies, said the automatic spending cuts would do minimal harm, compared with the large tax hikes and possible default on US debt threatened during other big budgetary crises of the past two years.”
