GE CEO: Economic Trends Still Mostly Positive

General Electric CEO Jeff Immelt says overall economic trends continue to be positive, but business is volatile in the aftermath of the recession. Immelt appeared on CNBC Wednesday in a joint interview carried live with investor Warren Buffett.

OMAHA, Neb. (AP) — General Electric CEO Jeff Immelt says overall economic trends continue to be positive, but business is volatile in the aftermath of the recession.

Immelt appeared on CNBC Wednesday in a joint interview carried live with investor Warren Buffett.

Immelt says he thinks investors should step back and look at the long-term positive trends. He says he believes the general economic trend remains positive and there is business out there for people who hustle.

The GE boss says his company has a $200 billion backlog of business currently.

But Immelt says he thinks there would be more investment in the United States if the nation's leaders would address the so-called fiscal cliff of automatic tax increases and spending cuts that could be triggered at the start of the new year.

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