Financial executives who manage corporate treasuries are becoming increasingly concerned about the so-called “fiscal cliff,” the combination of tax increases and steep spending cuts that are due to occur at the end of the year unless Congress and the administration act to prevent them.
Three-quarters of the 6,000 corporate treasury executives and financial executives surveyed by the Association for Financial Professionals at its recent annual conference in Miami said they believe the economy will worsen without action to address the automatic tax increases and spending cuts.
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