As the days pass by, the U.S. economy continues to careen toward the year-end fiscal cliff. Most economists believe the nation's economy will enter into another recession if the automatic tax cuts and $1.2 trillion sequester are allowed to take effect.
Without any reasonable solutions on the table, Corporate America is growing wary of what could be in store for 2013.
CEO confidence has fallen to levels not seen since 2009 due to uncertainty over U.S. tax policy and fiscal matters, according to the Business Roundtable's quarterly survey of chief executives. Additionally, the survey discovered that more CEOs expect hiring to fall rather than rise over the next 6 months.
Another report by Deloitte finds CFOs are growing increasingly negative about the future of their companies. In its quarterly CFO Signals survey, 40% of CFOs are pessimistic, up 12% from lastRead More »from Corporate America Growing Wary About Fiscal Cliff