Debt Talks Spur Business Optimism

The Hill led by Vice President Biden, that could boost hiring and business spending this year and beyond. " target="_blank">reports:

The debt-reduction talks in Washington are boosting optimism in corporate America about the economy.

Chief executive officers of some of the nation’s largest companies believe important structural changes could emerge from the talks, led by Vice President Biden, that could boost hiring and business spending this year and beyond.

The positive assessment is a bit of a surprise amid the gloom and doom of daily economic reports over the past few weeks, as well as the gridlock over congressional negotiations on spending and taxes.

But the CEO optimism mirrors comments from participants in the Biden talks, who have kept quiet about the specifics of their discussions while building trust by complimenting the seriousness of the high-stakes negotiations.