Statement on the Fiscal Cliff Deal from Campaign to Fix the Debt Steering Committee Member and Honeywell CEO David Cote

Jan 02, 2013, 14:25 ET from Campaign to Fix the Debt

WASHINGTON, Jan. 2, 2013 /PRNewswire-USNewswire/ -- "The compromise to avert the fiscal cliff outlined by our leaders in Washington is a small step in the right direction, but overall it's a missed opportunity to revive our economy and show U.S. citizens, financial markets, the world, and the business community that the U.S. can still govern effectively. I urge our leaders to get back to the table as soon as possible, put politics aside, and work out a plan that will truly help to expand the U.S. economy over the long-term. We cannot give up now, that's not how a great nation acts. The components of a better, bigger deal are all there. 

I am, however, encouraged by statements made by both Democrats and Republicans that more work still needs to be done. This work must include agreement on a market credible plan that further reduces the debt as a percentage of GDP, including meaningful entitlement and tax reform, and also addresses the looming debt ceiling. If this can be achieved, I still believe there's a chance for market confidence and stability in 2013, which will help to create jobs and deliver a more robust economic recovery."

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SOURCE Campaign to Fix the Debt