While you were sleeping Equity rally fades

Thu, 03 Jan 2013

By Margreet Dietz Jan 4 (BusinessDesk) - Wall Street held onto yesterday's gains sparked by the US budget deal, but was cautious about extending the rally as attention turned to the next political hot potato overhanging financial markets -- the nation's debt ceiling. Treasury Secretary Timothy Geithner plans to leave the administration at the end of January, even if President Barack Obama and congressional Republicans haven’t reached an agreement to raise the debt ceiling, Bloomberg reported, citing two people familiar with the matter. Meanw...

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