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Honeywell CEO Cote: Tax reform, federal spending left hanging, WSJ reports

Honeywell International CEO David Cote isn't celebrating Washington's "fiscal cliff" deal, reports the Wall Street Journal. “We shouldn’t be sitting here slapping ourselves on the back for a great job,” he said. It “set us up for a debt ceiling debacle.” His complaint is that the deal blocks tax increases and defers budget cuts, but fails to tackle comprehensive tax reform or scale back federal spending.