Budget showdown chills as talks stall over six month funding
In Washington the speed toward a possible government shutdown intensifies as Senate Democrats and House Republicans clash over a six month funding bill. A $20 billion cut proposal from Democrats remains unsigned amid a split within the GOP between tea party freshmen and leadership, complicating negotiations before an April 8 deadline.
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Stocks Slip After Late Selloff As Economic Outlook Improves
New York AP stocks ended lower after a brief late decline despite earlier gains from upbeat economic reports. Dow fell 22.71 to 12197.88, S&P 500 down 3.61 to 1310.19, Nasdaq off 12.38 to 2730.68. Major indexes traded higher for most of the day on signs of a continued recovery.
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