FedEx forecast assumes U.S. does not go off "fiscal cliff": executive

FedEx Corp's fiscal 2013 profit forecast presumes that the White House and lawmakers in Washington reach a deal to avoid the year-end "fiscal cliff" of higher taxes and sharp cuts to government spending.

"Our outlook ... assumes that the U.S. does not go off the fiscal cliff and into a recession," said Alan Graf, chief financial officer of the No. 2 U.S. package-delivery company.

(Reporting By Scott Malone; Editing by Gerald E. McCormick)