November 30, 2012

Donahue: Energy Boom Will Ease Fiscal Woes

Tim Devaney, Washington Times


Washington Examiner

America’s suddenly booming domestic energy scene could provide critical aid in bailing out the nation’s fiscal woes, the chief of the nation’s top business lobby said Thursday. Thomas J. Donahue, president and CEO of the U.S. Chamber of Commerce, warned that it was “wishful thinking” to hope the Obama administration and Congress can compromise on a deficit reduction plan that features merely tax reform and spending cuts to meet a year-end deadline to avoid the dreaded “fiscal cliff.” He said that tapping into America’s domestic energy opportunities could make negotiations easier because there would be more money to work with.

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TAGGED: Tom Donahue, Fiscal Cliff, Energy Boom, US Chamber Of Commerce