Volume 90 Issue 52 | p. 15 | Concentrates
Issue Date: December 24, 2012

Industry Execs Worry As Fiscal Cliff Nears

Department: Government & Policy
Keywords: fiscal cliff, R&D cuts, Congress, President, Nobel Prize winners

The greatest economic concern for chemical industry executives is the impending fiscal cliff, according to a survey by financial firm KPMG. That series of mandatory, across-the-board federal spending cuts and tax increases is set to begin at the start of 2013. President Barack Obama and House Speaker John A. Boehner (R-Ohio) are in the midst of negotiations to avert it. The fiscal cliff plus broader economic uncertainty have led companies to focus on improving their . . .

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