Budget deal hopes give world markets a boost
LONDON Hopes that U.S. political leaders may be inching towards a budget deal that will avoid automatic spending cuts and tax increases have given markets a big boost Thursday. Comments by President Barack Obama and Speaker of the House John Boehner that a deal to avoid a budget crisis could be reached before the year-end helped U.S. markets turn around on Wednesday and that momentum carried through into the Asian and European sessions.
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John Boehner
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Budget deal hopes give world markets a boost
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- boehner
- budget deal
- fiscal cliff
- global markets
- impasse
- obama
- revenue
- stock prices
- stocks
- taxes
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Whether the momentum will continue over the coming days could be dependent on how "fiscal cliff" negotiations go
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