Fiscal Stimulus
The expiration of current fiscal stimulus programs will slice 1.5 percentage points off economic growth next year, according to economists at JPMorgan Chase & Co. and Deutsche Bank Securities.
Not all companies are suffering. Morton's Restaurant Group Inc., the Chicago-based operator of 83 upscale steakhouses, said July 28 that second-quarter revenue rose 11 percent, with customers spending more money as business dining and travel increased.