BOSTON (Reuters) – The United States might be better off allowing the across-the-board spending cuts of the so-called sequester to take effect as a first step in cutting its debt, even if the move slows the economy, Honeywell International Inc Chief Executive Dave Cote said on Wednesday. “We need the reduction,” said Cote, whose company sells systems to the U.S. Department of Defense and would feel a direct hit from the $ 85 billion in cuts that could take effect on March 1. “You could argue that the reduction would make more sense if we did it thoughtfully and spent a lot of time on it. …
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