Goldman CEO against austerity in the short term

Published September 19, 2012 5:18pm ET



TORONTO (AP) — The chief executive of Goldman Sachs said Wednesday he is against austerity measures in the short term as the U.S. “fiscal cliff” looms.

Lloyd Blankfein, also chairman of the investment bank, said during a talk at the Canadian Club of Toronto that he’s all for budget cutbacks in the long term but not right now.

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