News Headline Summary

Senator Hutchison says I think everyone is going back to the drawing board regarding the fiscal cliff

- GOP leaders are trying to form a deal.
- Believes Biden would add to fiscal cliff talks.
- GOP won't get deal they think is right for the government.

Update details:

- Senator Kay Hutchison is a Republican senator.

Reaction details:

- E-mini S&P moved 1.25 points higher in reaction to the news, going from 1420.75 to 1422.00. This muted reaction can be attributed to Senator Hutchison's minor role in the negotiations.

Print 15:19, 24 Dec 2012 - Economic commentary - Source: Newswires