UK: Altman backs Obama on deficit

The Finacial Times

Altman backs Obama to tackle deficit

By Stephanie Kirchgaessner and James Politi in Washington

Barack Obama is more likely to accomplish a deal with Congress to address the US’s long-term deficit crisis than rival Mitt Romney, according to Roger Altman, the former deputy Treasury secretary and chairman of Evercore, the investment bank.

The prediction by Mr Altman shows how America’s chief executives are beginning to map the effect of the 2012 election on the country’s economic future, including whether it can avoid tipping over the “fiscal cliff” at the end of the year.

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