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Honeywell´s CEO David Cote says tax deal fails to tackle federal spending.

David M. Cote, chief of Honeywell. Photo Credit Kevin Lamarque,ReutersDavid Cote, the Honeywell International Inc. CEO  says the tax deal approved late Tuesday by the House of Representatives blocks impending tax increases and defers looming budget cuts, but fails to tackle comprehensive tax reform or scale back federal spending. READ MORE HERE