Caterpillar CEO Says Bipartisanship Needed to Solve Fiscal Debt

Caterpillar Inc. (CAT) Chairman and Chief Executive Officer Doug Oberhelman said “some degree of bipartisanship” in Washington could help solve the U.S. fiscal debt problem.

“We’ve got this huge mountain of debt on our shoulders,” Oberhelman said today at a speech sponsored by Elmhurst College in Oakbrook Terrace, Illinois. Working on a solution to reduce the fiscal debt “could help us immediately,” he said.

Education and immigration reform also would support growth, Oberhelman said.

To contact the reporter on this story: Shruti Date Singh in Chicago at ssingh28@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net