Daily News: October 25, 2012

WSJ: CEOs Call for Deficit Action

The Wall Street Journal reported that chief executives of more than 80 big-name U.S. corporations are banding together to pressure Congress to reduce the federal deficit with tax-revenue increases and spending cuts.

The WSJ noted the CEOs said in a statement that a financially and politically successful plan has to limit the growth of healthcare spending, make Social Security solvent and “include comprehensive and pro-growth tax reform.”

The article said the CEO statement was organized by the Fix the Debt campaign, a bipartisan effort largely inspired by Republican Alan Simpson and Democrat Erskine Bowles.

To read the full WSJ article, click here.