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Starbucks’ Schultz Urges Fellow CEOs to Halt Campaign Giving

Starbucks Corp. Chief Executive Officer Howard Schultz urged other CEOs to boycott donating to U.S. political campaigns to encourage leaders to solve the nation’s growing budget deficit.

“I am asking that all of us forego political contributions until the Congress and the President return to Washington and deliver a fiscally disciplined long-term debt and deficit plan to the American people,” Schultz wrote in an e-mail sent to business leaders that was obtained by Bloomberg News.