CHAMPAIGN, Ill. — A deep and lingering credit crisis is throttling investment in moneymaking projects that could help jump-start a U.S. economy mired in its worst downturn in decades, a new survey of corporate executives shows.
University of Illinois and Duke University researchers found that nearly 60 percent of 569 U.S. firms surveyed are financially strapped by the credit crunch, netting layoffs and other cost-cutting moves that weaken an already hobbled economy.