NSA Spy Program Hurting American Tech Companies

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Leaders of the country's largest technology firms have warned the president the National Security Agency spying programs are damaging their reputations and could hurt the economy.

Executives from companies like IBM, AT&T and Verizon met with President Barack Obama and Vice President Joe Biden Tuesday.

One company manager said he is already seeing some overseas customers back away from American-branded technology.

The tech executives are also pushing for more transparency and limits to surveillance. They said both are needed to restore American credibility.

"We appreciated the opportunity to share directly with the President our principles on government surveillance that we released last week and we urged him to move aggressively on reform," the technology firms said in a joint statement after the meeting.

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