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General

AT&T CEO urges compromise to avoid 'fiscal cliff'

Monday 3 December 2012 | 13:15 CET | News
After meeting president Barack Obama and congressional leaders during the last week of November, AT&T chairman and CEO Randall Stephenson urged US leaders to put aside partisan differences and find a compromise to avoid the impending 'fiscal cliff'. Stephenson sees the compromise as requiring a rise in tax rates and revenues in return for reform on entitlements and cuts in federal spending. He warns that a "failure to address this will result in severe market disruptions, a return to negative economic growth, and businesses pulling in investment [....] the future economic well-being of all Americans is riding on the outcome".

Categories: General
Companies: AT&T
Countries: United States
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