Wall Street skids as U. S. heads for “fiscal cliff”
NEW YORK (Reuters) – Stocks fell on Friday, putting the S&P 500 on track for a fifth straight decline, as President Barack Obama and top congressional leaders were to make a last-ditch attempt to steer the United States away from driving off the "fiscal cliff. " Obama and lawmakers will meet at the White House Friday afternoon for talks before a New Year’s deadline to keep large tax hikes and spending cuts from taking effect and threatening the economy with recession. Investors’ pessimism about achieving anything more than a stop-gap deal by the deadline showed in the benchmark S&P index’s 1. . . .
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