Breaking News

FBI Said to Be Probing Whether Russia Tied to JPMorgan Hacking

CEOs Need to Make U.S. Debt Election Issue, Cote Writes in FT

Chief executive officers should do five things “to put pressure on Washington” concerning the ballooning national debt, David Cote, chief executive officer of Honeywell International Inc. (HON) wrote in the Financial Times.

Those five things, Cote said, are: bring up the issue on every talk with a politician; mention it in every speech; educate employees on the matter and urge them to raise it with their Congressional representatives; push for a presidential candidates’ debate on debt and support the Campaign to Fix the Debt.

If the debt is not properly dealt with, it will become “an unconscionable $21 trillion (about 85 percent of GDP) in 10 years,” Cote wrote. “It will doom us to five years of 1 percent real GDP growth and 8 percent unemployment,” he said.

To contact the reporter on this story: John Simpson in Toronto at

To contact the editor responsible for this story: Greg Chang at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.