News Headline Summary

US Senate minority leader McConnell says "we're very, very close to an agreement"; agreement reached on all tax issues

- He reached out to Biden to solve the fiscal cliff.

Reaction details (19:54)

- Optimism filters the markets as negotiations continue and a deal on tax issues nears, with S&P500 up 1.2%, Nasdaq 11 up 1.8% and DJIA up 0.8%.

31 Dec 2012 - 19:51 - Economic Commentary - Source: Newswires

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