The head of one of the US’s biggest manufacturers has launched a scathing attack on Washington, saying the country’s economy could be dragged into another recession because of political brinkmanship on Capitol Hill.
In an interview with the Financial Times, Doug Oberhelman, chief executive of Caterpillar, the world’s biggest maker of earthmoving equipment by revenue, said he feared that pending bilateral trade agreements and road-building legislation could fall victim to political bickering.
Mr Oberhelman joins a growing chorus of US business leaders who say they are fed up with the widening gap between Democrats and Republicans, displayed most recently in the gridlock over the debate to raise the country’s debt ceiling.
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