Monday, December 17, 2012

Fiscal Cliff Progress Boosts the Market on Monday

The market gains as news from Washington pointed to possible progress in federal budget negotiations.

Reports suggest some progress in the Fiscal Cliff stand-off. House Speaker John Boehner proposed a budget including $1 trillion in tax increases over a decade, in exchange for $1 trillion in spending cuts. Apparently, the Obama administration considers the offer a starting point for further discussion.





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