Leaders optimistic on deficit deal after White House talks
Washington leaders from both parties meet with President Obama seeking a path off the fiscal cliff. Boehner signals willingness to consider revenue with spending cuts, Pelosi says some cuts are acceptable, as McConnell notes the problem is spending, not taxes. A multitrillion dollar deficit reduction plan aims to replace year end tax cuts.
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House votes to end Soviet trade restrictions amid Russia openness
The House bipartisan majority backed ending cold war era limits to let American firms and farmers access Russia s expanding markets. Moscow condemned a provision punishing Russian human rights violators calling it defiant and provocative and warned of a tough response escalating tensions.
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Market snapshot Friday closes mixed across major indexes
Dow rises to 12,588.31 while the Nasdaq sits at 2,853.13 and the S&P 500 reaches 1,359.88. Treasuries hold steady at 2.72 percent. commodities advance and retreat with corn at 7.27, soybeans at 13.83, wheat at 8.76, oil at 86.92, gold at 1,714.70, silver 32.37, and platinum 1,561.80.
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