Wall Street poised for higher open on “cliff” optimism
NEW YORK (Reuters) – Wall Street was set to open higher on Monday as investors were encouraged by signs of movement on "fiscal cliff" negotiations over the weekend. Republican House Speaker John Boehner edged slightly closer to President Barack Obama’s key demands as they try to avert the tax hikes and spending cuts that are set to take effect in the new year. Sources familiar with the talks confirmed that Boehner proposed extending low tax rates for everyone who has earned less than $1 million, and rates would rise for wages above that. . . .
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