US Economy Could Withstand Brief Fall Off 'cliff'
And if the crisis is resolved, as many expect, the boost to business and consumer confidence would encourage more hiring and spending.
On Tuesday, the Business Roundtable, a group of large company CEOs, urged Congress and the White House to avoid the cliff by striking a budget deal containing about $4 billion in tax increases and spending cuts.
"We could end up with a much more robust recovery than anybody's envisioned" if a deal is reached, said David Cote, CEO of Honeywell International.
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