The uncertainty surrounding the looming "fiscal cliff," along with long-term deficit and debt issues, is effecting Wall Street. Nasdaq OMX CEO Robert Greifeld argued for a sound federal budget when he appeared Monday at Brookings Institute discussion on capital markets.
Greifeld has said he believes his industry needs to "get off the sidelines, instead of waiting for news as to whether Washington can reach a deal."
Martin Baily, senior fellow and director of the Initiative on Business and Public Policy at Brookings, served as moderator. Following the discussion, Mr. Greifeld answered audience questions.
Last week, Mr. Greifeld participated in White House discussions between Pres. Obama, Treasury Secretary Timothy Geithner and leading business executives to discuss the upcoming expiring tax breaks and deficit reduction.