11/8/2012 8:30 PM ET|
Heading for the fiscal cliff
You'll hear a lot about the fiscal cliff in the news from Washington and Wall Street through at least the end of the year. Here's what it is.
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[BRIEFING.COM] S&P futures vs fair value: +1.60. Nasdaq futures vs fair value: +2.00. The S&P 500 is poised for a slightly higher open as futures on the benchmark index trade just above fair value.
Today's most notable headline came out Washington where negotiators have secured a two-year budget agreement that aims to reduce sequester cuts by $63 billion and lower the deficit by roughly $20 billion. The deal has yet to receive full Congressional approval.
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