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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