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FedEx forecast assumes U.S. does not go off "fiscal cliff": executive
December 19, 2012 / 1:56 PM / 5 years ago

FedEx forecast assumes U.S. does not go off "fiscal cliff": executive

(Reuters) - FedEx Corp’s (FDX.N) fiscal 2013 profit forecast presumes that the White House and lawmakers in Washington reach a deal to avoid the year-end “fiscal cliff” of higher taxes and sharp cuts to government spending.

“Our outlook ... assumes that the U.S. does not go off the fiscal cliff and into a recession,” said Alan Graf, chief financial officer of the No. 2 U.S. package-delivery company.

Reporting By Scott Malone; Editing by Gerald E. McCormick

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