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Monday, December 24, 2012

Bob Reynolds Talks Fiscal Cliff

News summary by MFWire's editors

Bob Reynolds
Putnam Investments
Why do you think Congress can’t agree on a resolution to the fiscal cliff?

Well think no more. Putnam [profile] Bob Reynolds has waxed public with his own opinions on the Wall Street Journal.

As Congress works through the most consequential "lame duck" session of our lifetimes, the stakes in reaching a bipartisan compromise to keep us from going over the "fiscal cliff" couldn't be higher. In case you haven't heard, unless Congress acts by year-end, a $600 billion avalanche of spending cuts and tax increases due to begin in early 2013 could turn our achingly slow recovery into a recession—fast.

This isn’t the first time Reynolds has hit politics hard.

In November, he conversed with reporters during a Wall Street Journal event on the same subject. 

Edited by: Tommy Fernandez

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