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Fiscal cliff tops BlackRock's Fink's worry list
Monday, October 29, 2012 6:28 AM
Posted by pubudu
NEW YORK (Reuters) - The so-called fiscal cliff of automatic spending cuts and tax rises set to occur on January 1 if Congress fails to act before then will be the most important issue facing the next U.S. president after the election, BlackRock Chief Executive Laurence Fink said on Thursday, citing a "very strong risk" of another U.S. ratings downgrade. Fink, addressing a conference hosted by The Economist magazine, lamented that President Barack Obama and Republican challenger Mitt Romney did not address the cliff in their pre-election debates. Nonetheless, Fink sounded more positive on U.S. ...
This entry was posted on 6:28 AM, and is filed under
BlackRocks,
cliff,
Finks,
Fiscal,
worry
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