The US is coming up fast on the so-called Fiscal Cliff, but neither of the two political parties’ candidates are openly discussing the potential economic calamity or any remedies to overcome any resultant disaster. On this CNBC interview, Lloyd Blankfein, CEO of Goldman Sachs, Alan Simpson & Erskine Bowles of the Deficit Commission discuss the reasons why so many major corporations are holding their cash at this uncertain juncture.
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