Gridlock in "fiscal cliff" talks creates more uncertainty for business

12/26/2012 | Wall Street Journal, The

With the "fiscal cliff" fast approaching, delays in an agreement that would prevent $500 billion in tax increases and spending cuts from taking effect Jan. 1 have caused uncertainty for businesses and may produce an economic slowdown even if Congress acts. "We're all sitting on the sidelines right now wondering what's going to happen to us," says John Odland, chief financial officer at MacMillan-Piper, a Seattle freight-transport company.

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