Tech Execs See 'Severe' Impact from U.S. Surveillance

The impact of U.S. government surveillance on tech firms and the economy is going to get worse before it gets better, leaders at some of the biggest tech firms warned US Sen. Ron Wyden on Wednesday during a roundtable on the impact of US government surveillance on the digital economy. Google Executive Chairman Eric Schmidt, who has been outspoken on the topic, pulled no punches with his assessment of how the spying scandal has and will continue to impact Google and other tech companies.