By  on October 25, 2012

WASHINGTON — A coalition of chief executive officers from 80 major U.S. companies, including Macy’s Inc.’s Terry J. Lundgren, endorsed raising taxes and cutting spending as a prescription for reducing the federal deficit, as they stepped up pressure on Congress on Thursday to find a bipartisan solution.

The major corporate leaders said that “fiscal uncertainty around the debt (which is running a little over $1 trillion) is hampering hiring, investment and economic recovery.”

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