Wall Street little changed before next “cliff” signal
NEW YORK (Reuters) – Stocks were little changed on Tuesday as the market awaited developments in negotiations in Washington to avert a "fiscal cliff" that could push the U. S. economy into recession. Republicans in Congress proposed steep spending cuts to bring down the budget deficit on Monday but gave no ground on President Barack Obama’s call to raise taxes on the wealthiest Americans, and the proposal was quickly dismissed by the White House. The market has been subject to swings in reaction to the proposals floated so far by politicians. . . .
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