House Plans Dec. 30 Session as U.S. Budget Deadline Nears
From bloomberg.com
The U.S. House will hold its first Sunday session in more than two years as lawmakers seek to resolve a budget impasse before at least $600 billion in spending cuts and tax increases begin Jan. 1. In a conference call today with the Republican leadership, House members agreed to return Dec. 30 amid a budget stalemate that has each side blaming the other. Markets pared losses following the announcement of the House return, after the Standard & Poor’s 500 Index fell as much as 1.3 percent on mounting concern that no deal would be reached. “We are coming up against a hard deadline here,” Senate Minority Leader Mitch ...
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