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| + | == Stocks Rally As Debt Default Being Defused == | ||
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| + | <html>REUTERS/Kevin Lamarque | ||
| + | U.S. President Barack Obama smiles as he arrives to speak to workers at the Alcoa Davenport Works Factory in Bettendorf,[http://kpgroups.in/banana/Custom-Ravens-Jerseys.html <strong>Custom Ravens NFL Jerseys</strong>], Iowa,[http://softvent.net/restaurant.html <strong>Authentic New York Jets Jerseys Sale</strong>], June 28,[http://www.yyfreebar.com/read.php?tid=2915335&ds=1 How Washington Tipped Off Al</ a>,<a href="http://softvent.net/restaurant.html" title="Authentic New York Jets Jerseys On Sale"><strong>Authentic New York Jets Jerseys On Sale</strong>], 2011. | ||
| + | Markets are surging today. | ||
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| + | The Dow is up 230 points. The S P 500 is up 27 points. Both rallies represent 1.6% gains for the day. | ||
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| + | "It looks like House Republicans are preparing to move a short-term debt ceiling increase that would provide a framework for negotiations with President Barack Obama,<a href="http://www1.sdlvtc.cn/szb/Review.asp?NewsID=470" rel="bookmark">Has Erat thought about asking Caps for trade- ‘No, not yet’</ a>," . | ||
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| + | House Speaker John Boehner is expected to seek support for a . | ||
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| + | This news has been . | ||
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| + | The impending October 17 debt ceiling and potential default by the U.S. was arguably to the markets. | ||
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| + | "Among the risks that we control, the biggest threat to sustained growth in our economy is the recurrence of manufactured crises in Washington and self-inflicted wounds," said . "Unfortunately, we now face a manufactured political crisis that is beginning to deliver an unnecessary blow to our economy right at a time when the U.S. economy and the American people have painstakingly fought back from the worst recession since the Great Depression." | ||
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| + | With the risk receding, investors appear to be increasingly willing to take more risk.</html> | ||
