Business Leaders: Government Shutdown Would Cripple Economy

Wednesday, 30 Mar 2011 12:46 PM

By Dan Weil

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink
A government shutdown would do serious damage to the economy, business leaders say. Their comments came in a press call for the Business Roundtable’s first-quarter CEO survey, The Hill reports.

The survey predicted rises in sales, hiring, and business growth. But a government shutdown would jeopardize that growth, said Ivan Seidenberg, the business group’s chairman and CEO of Verizon Communications.

A shutdown would lead to everything from postponement of government contracts to supply chain disruptions, Seidenberg said. Companies could experience difficulties obtaining government licenses, he pointed out.

“I don’t think any of the CEOs would welcome a government shutdown,” he said. The survey results would “need to be cast aside” in case of a shutdown.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Sharpton Gathers Families of Men Killed by Police

Wednesday, 26 Nov 2014 17:43 PM

The families of three unarmed black men who recently died at the hands of police officers linked arms with the Rev. Al S . . .

Ted Cruz: I'm Not 'All That Conservative'

Wednesday, 26 Nov 2014 17:29 PM

Media reports about Sen. Ted Cruz’s whirlwind effort this week to court high-powered Jewish donors in New York have high . . .

St. Louis 'Unlawful' Marchers Are Cleared by Police

Wednesday, 26 Nov 2014 17:19 PM

Officers in riot gear dispersed hundreds of demonstrators at St. Louis City Hall who were protesting the police killing  . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved