By  on December 15, 2008

WASHINGTON — H. Lee Scott, president and chief executive officer of Wal-Mart Stores Inc., said Sunday he expects the recession to present challenges in the short term as consumers scale back purchases amidst intensifying job insecurity.

Participating in a roundtable discussion on NBC’s “Meet the Press” with new host David Gregory, Scott addressed a wide range of economic issues, ranging from changing consumer buying patterns, to government intervention in the home mortgage market, to a multibillion-dollar economic stimulus package that President-elect Barack Obama is preparing with Democratic leaders and is expected to include a massive job works program and tax relief for the middle class.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus