Goldman Sachs's Kostin Says Fiscal Cliff May Be Averted

U.S. tax increases and spending cuts set for the beginning of next year may be averted by lawmakers in Washington, Goldman Sachs Group Inc. (GS)’s chief U.S. equity strategist David Kostin said.

“This is unlikely to be resolved in a smooth fashion,” Kostin said today at a conference in San Diego sponsored by the Insured Retirement Institute. The fiscal cliff will probably will be resolved in a “messy way,” he said.

To contact the reporter on this story: Noah Buhayar in New York at nbuhayar@bloomberg.net.

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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