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December 05, 2012


Wall Street Still Not Worried About Fiscal Cliff

The Washington Post notes that in Washington, "debate over the 'fiscal cliff' is cloaked in apocalyptic warnings of soaring tax rates and a crashing economy. On Wall Street, the tone is different: All will be fine."

"The stock market has been little changed in the past three weeks, with few wild swings. That comes despite the Jan. 1 deadline when tax hikes and spending cuts are to go into effect unless politicians reach a deal to avert them."












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