Wall Street trims gains, volatile after Boehner remarks
NEW YORK (Reuters) – Stocks climbed on Thursday, but shed some earlier gains, after John Boehner, the top Republican in Congress, poured cold water on hopes that lawmakers were getting closer to cutting a budget deal that would avert a possible recession next year. Boehner’s comment – that no "substantive" progress had been made in fiscal talks with the White House – was the latest in a string of contrary pronouncements by policymakers that have wobbled the markets as investors attempt to speculate over whether Washington will finally cut a deal. . . .
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