While you were sleeping Hope fades for budget deal

Thu, 27 Dec 2012

By Margreet Dietz Dec 28(BusinessDesk) - Wall Street sank as Senate Majority Leader Harry Reid warned the US appeared set to head over the so-called fiscal cliff as an agreement between Democrats and Republicans before the year-end deadline seems unlikely. “I don’t know time-wise how it can happen now,” Reid said in the Senate. He blamed Republicans for a lack of cooperation. Americans are worried too. Consumer confidence weakened more than anticipated in December, as the Conference Board’s index of sentiment dropped to 65.1 from a revised 7...

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