While you were sleeping Optimism on US budget talks

Tue, 18 Dec 2012

By Margreet Dietz Dec 19 (BusinessDesk) - Wall Street climbed amid signs that budget talks between US Democrats and Republicans are finally progressing, raising optimism an agreement to avoid the so-called fiscal cliff will be reached by the year-end deadline. President Barack Obama is said to have offered House Speaker John Boehner a lower target for new tax revenue. The two met at the White House yesterday. Boehner then made his case to fellow Republicans this morning and he retains their support, media reports say. "It looks like the US b...

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