Congress, Obama playing with dynamite: CEOs

Corporate America is raising the volume of its plea that the US government avert a year-end ”fiscal cliff” that could send the nation back into recession, but chief executives aren’t pushing the panic button just yet.

With a heated election season in the rear-view mirror, executives are calling on the White House and congressional leaders to head off a self-imposed deadline that could bring US$600 billion in spending cuts and higher taxes early in 2013 if they are unable to reach a deal on cutting the federal budget deficit.

via Business feed http://www.scmp.com/business/economy/article/1082233/congress-obama-playing-dynamite-ceos