BY DAMIAN PALETTA AND SUDEEP REDDY
Fears about Washington's inability to avoid looming tax increases and spending cuts have eclipsed concerns about Europe's debt crisis, top business executives said Tuesday, worrying that political gridlock might tip the economy into recession next year.
At a Wall Street Journal CEO Council conference in Washington, 73% of participants surveyed said their primary concern was the "fiscal cliff," the federal spending cuts and tax increases that begin in January unless policy makers intervene. Only 12% said their top fear was Europe's financial turmoil.
Separately, Bank of America Corp. Chief Executive Brian Moynihan said at an investor conference in New York ...
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