By Caroline Valetkevitch | Reuters – Fri, Feb 22, 2013
- View PhotoReuters/Reuters - Job applicants listen to a presentation prior to the opening of a job fair for veterans and their spouses held by the U.S. Chamber of Commerce and the Washington Nationals baseball club at
NEW YORK (Reuters) - U.S.
companies' capital spending plans are holding up, and mostly exceeding
Wall Street forecasts, in the face of policy concerns created by
arguments in Washington over the fiscal cliff, the debt ceiling and now
automatic spending cuts.
Their willingness
to spend on new offices, plants and machinery, as well as a pickup in
deal making, shows that they are starting to dig into the massive
amounts of cash that has been collecting more dust than interest on
their balance sheets. That could prove a welcome counterpunch to a
softer outlook for spending by consumers and government.....for full story, click here.
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