Congress re-opens the federal government and averts a U.S. default on its obligations. It's a positive step, but hardly enough to address America's long-term fiscal troubles. A selection of BRT-related reaction: Business Roundtable President John Engler issued a statement after Senate passage... Continue Reading
In recent blog posts, we've reported on the comments of Business Roundtable-member CEOs who are troubled by the government shutdown, but are more seriously concerned about the possibility of the U.S. defaulting on its obligations. To wit: Default: ‘Unthinkable’ ‘This is Not an Ideological... Continue Reading
Jim McNerney, chairman and CEO of Boeing and chairman of Business Roundtable, commented on the government shutdown and threat of a U.S. default in an interview Thursday with The New York Times. Jackie Calmes reports at the Times' blog, Fiscal Crisis, in a post, "Bankers and Business Leaders... Continue Reading
CEOs are weighing in on the budget impasse, government shutdown and debt ceiling debate. A roundup... Dave Cote, Honeywell, on BlooombergTV (video, article): We don’t need our economy disrupted now .We’ve come off the worst recession in 80 years. We’re just starting to get better, and we’re... Continue Reading
Following up on Wednesday's blog post on the economic costs of political uncertainty, we note the striking testimony before the Senate Budget Committee of Allan H. Meltzer, a former Reagan economic advisor, expert on the Federal Reserve, and now a professor of political economy at Carnegie Mellon... Continue Reading