Wall Street to Washington: Avoid the fiscal cliff!
October 18th, 2012
10:00 AM ET
1 year ago

Wall Street to Washington: Avoid the fiscal cliff!

New York (CNNMoney) – Several big Wall Street bank CEOs on Thursday urged Congress and President Obama to avoid the "fiscal cliff."

In an urgent letter dated Oct. 18, the Financial Services Forum pressed leaders to "reach a bipartisan deal to avoid" massive tax hikes and across-the-board program cuts that could lead to recession. If Congress doesn't act by Jan. 1, the United States will go over the fiscal cliff, triggering about $1.2 trillion worth of spending cuts over a decade.

FULL STORY

Filed under: Congress • Wall Street
soundoff (31 Responses)
  1. Paul "Look at MEEE!!! I'm working in a soup kitchen!!!" Ryan

    Next, I'll pretend to work in a factory or a coal mine!!! Yeah, that's it. A coal mine!!! Get the cameras set up boys!!!!!

    October 18, 2012 12:10 pm at 12:10 pm |
  2. Sniffit

    The people who carved the canyon are now worried about the cliffs? Freekin priceless.

    October 18, 2012 12:11 pm at 12:11 pm |
  3. dog1

    In answer to "Dominican Mama" people like the Romneys and Ryans never have "enough" money. His entire being is focused on profit no matter what. I guarantee that he and the other ultra-rich like him have some way to make a serious profit from this country falling of that cliff. And of course they can always just move to one of their other homes is some other country. His money's iin Swiss and Cayman banks along with investments in Chinese companies so what does he care. The only reason he's running is because he believes the white horse prophesy!

    October 18, 2012 12:18 pm at 12:18 pm |
  4. Anonymous

    Are these the same guys who started this .... now sending out a warning? They should have sent this warning out to George Bush and Henry Paulson who he himself made millions of dollars and got off scar free.

    October 18, 2012 12:18 pm at 12:18 pm |
  5. Middle Class Independent Swing State Voter

    When are the teaparty and the obstructionist in Congress going to take responsibility? Aren't they apart of the government too? Where is the patriotism? DO YOUR JOBS!!!!!!!!!!

    October 18, 2012 12:23 pm at 12:23 pm |
  6. LegalizeReason

    "Several big Wall Street bank CEOs on Thursday urged Congress and President Obama to avoid the "fiscal cliff."

    That reads "Wall Street urged Congress and President Obama to please save Wall Street's bloated year end bonuses". I am sure the crony capitalists and their lobbyists are hard at work making sure the big boys get their half out of the middle, as always.

    October 18, 2012 12:27 pm at 12:27 pm |
1 2