Dave Cote

The Honeywell International CEO told CBS Evening News and President Obama that the looming budget crisis is a staggering problem. (Photo credit should read SAUL LOEB/AFP/Getty Images)

Honeywell CEO To Obama: Medicare Will ‘Crush The System’

President Obama sought the advice of Honeywell International’s CEO on reaching a budget plan – and Dave Cote had harsh words for the present state of the U.S. economy.