CEOs warn recovery could be derailed without aid

The nation’s CEOs are more bullish than they were in the second quarter but are worried that Washington might fail to enact another relief package.

“Further major support from the federal government is necessary to prevent economic recovery from being derailed,” said Joshua Bolten, CEO of Business Roundtable, the group that of big-business CEOs that released a survey of its members Wednesday.

The organization’s survey found that an increasing number of executives expect growth in sales, hiring, and capital spending in the third quarter. They also project a 2.4% contraction in gross domestic product for the year, versus a 3.8% contraction in the previous estimate.

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