With the presidential race in its final weeks, many voters are focused on the U.S. debt load and how it should be cut.
What’s the single best thing Washington can do to close the budget deficit?
Vice chairman and fixed-income manager, Loomis Sayles
“They have to do their job. To do that, they have to meet in the middle. In order to be able to deal, you have to be willing to compromise. The two-party system clearly doesn’t seem to be working. Entrenched views on the right and…on the left won’t work.”
“Decisions are being deferred, delayed, and scrapped. If the fiscal cliff and grand bargain are not worked on and finalized early, you could see behavior from consumers, investors, and companies that would put the economy pretty close to a recession in the first quarter of next year.”
Jason DeSena Trennert
Managing partner, Strategas Research Partners
“Our only choice is to grow our way out. Exploiting our own natural resources like shale gas and establishing a clear and sustainable tax and regulatory environment would go a long way to helping us do that.”