Business Leaders: Government Shutdown Would Cripple Economy

Wednesday, 30 Mar 2011 12:46 PM

By Dan Weil

Share:
  Comment  |
   Contact Us  |
  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.

Share:
  Comment  |
   Contact Us  |
  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

Man in Dallas With Ebola Initially Sent Home With Antibiotics

Wednesday, 01 Oct 2014 08:27 AM

A man with Ebola in Dallas was initially sent home from the hospital with antibiotics after seeking treatment for an unk . . .

Derek Jeter Launches site to Connect Athletes to Fans

Wednesday, 01 Oct 2014 08:18 AM

Derek Jeter was one of the world's most covered athletes in media during his 20-season career with the New York Yankees. . . .

Glaxo's Ebola Vaccine, Rejected by WHO, Now Best Hope Amid Outbreak

Wednesday, 01 Oct 2014 07:28 AM

The calls started coming in August to the office of GlaxoSmithKline Plc Chief Executive Officer Andrew Witty from the he . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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