News Headline Summary

US Senate majority leader Reid said not to have agreed to McConnell and Biden deal on taxes

- Democratic aide says Senator Reid has not signed off on proposal.

Update details:

- These comments conflict the most recent from US Senate minority leader McConnell who said "we're very, very close to an agreement"; agreement reached on all tax issues.

Reaction details:

- In reaction to these latest comments emini S&P falls 4.75 points lower in immediate reaction, from 1415.75 to 1411.00; trades 1413.00 last.

Print 20:27, 31 Dec 2012 - Economic commentary - Source: Newswires