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News Link • Economy - Economics USA

Obama, Boehner meet as hopes rise for "fiscal cliff" deal


The 45-minute meeting is a further sign that talks to avert the "fiscal cliff" could be yielding progress after weeks of stalemate, and aides from both parties said they were optimistic that a deal could be reached in coming days.


"We're getting close," said one Democratic aide, who added however that a deal is not imminent.


Although both sides still had major differences, investors were cheered by signs of progress. The Standard & Poor's 500 index was up 0.95 percent at midday.


"The fiscal cliff is starting to get ironed out," said Frank Davis, director of sales and trading at LEK Securities.

1 Comments in Response to

Comment by Jerry Alexander
Entered on:

Boehner is a tool,and he cry`s allot.

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