Business leaders are growing increasingly frustrated with the lack of progress in talks to head off billions in looming tax hikes and spending cuts they say will harm the nation’s economy.

Concern increased among business groups following the failure of House Republicans to round up enough votes to pass their “Plan B” bill that would have stopped tax increases on anyone making $1 million a year or less.

“We’re not in a state of panic over last night because it was part of the process,” David French, the chief lobbyist for the National Retail Federation, told The Hill.

But “we’re nervous,” he said.