GE, Honeywell CFOs Comment on the Looming Fiscal Cliff

Despite robust results from their manufacturing businesses, General Electric and Honeywell said that the upcoming fiscal cliff must be resolved soon, Financial Times Global Economy reports. 

Honeywell chief financial officer Dave Anderson said politicians should apply “some intelligence” to resolve the impending tax rises and spending cuts.

GE CFO Keith Sherin added that resolving the fiscal cliff would be ” for the good of the country and the world.”

FT reported that despite the “challenging” economic conditions, GE  is expecting a 7% increase in its pre-tax profits this year.

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3 Responses to "GE, Honeywell CFOs Comment on the Looming Fiscal Cliff"

  1. ewrwer says:

    And what decisions there can be? A year ago, when a debt ceiling was lifted, reduction of expenses from the 2013th was a main precondition. It can be cancelled now? But same there will be the real clownery. Besides, I don’t think that not reduction of privileges will exclude falling of real gross domestic product (if to take away real inflation). Simply gross domestic product will fall together with dollar. There is a month to the next raising of a debt ceiling, and Chinese already say that will get rid from tresures.

  2. Sirlene says:

    Previously I was able to readPreviously I was able to read the whole post in Google Reader.Now there is just a short fragment (first two lines). Kind of anionyng but not critical

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