Budget Bargain Shrinks as Congress Nears Deadline

Congress returns Thursday, but hopes are dimming for a deal before year-end.

The deal that seems possible to fix the U.S. budget is getting smaller and smaller.

Five days before a deadline that would trigger more than $600 billion in tax increases and spending cuts that could cause a U.S. recession, Congress will return Dec. 27 amid calls for action in the Senate.

Stocks, Bonds

 

No Deal

 

Initial Parries

 

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