Deloitte CEO: `No Line in the Sand’

Photograph by T.J. Kirkpatrick/Bloomberg

Joseph "Joe" Echevarria, chief executive officer of Deloitte LLP, leaves the White House following a meeting with President Barack Obama on Nov. 28, 2012.

For all the optimistic talk of an agreement averting the “fiscal cliff” — the president, House speaker and corporate CEOs who have called on both this week voice that optimism — there is no explicit guarantee of a deal.

Not from the White House.

So says Joe Echevarria, the Deloitte LLP CEO who joined several other chief executives in a meeting with President Barack Obama yesterday. Echevarria was among those voicing strong optimism about what he heard at the White House. And he reiterated that today, in an appearance on MSNBC’s “Morning Joe:”

“I am optimistic,” he said.

Still, he was asked this morning if he had heard in his meeting with the president a guarantee of success. Did the president draw a line in the sand, saying there is no way that the administration and congressional leaders will go over that cliff of automatic tax increases and spending cuts at year’s end?

“No line in the sand,” Echevarria said.

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