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Execs urge politicians to move quickly on tax reform, deficit reduction.
Equity markets of the biggest emerging economies trailed global markets last year.
Elimination of payroll tax cut will limit first-quarter growth to 1%.
GOP vows to exact spending cuts in upcoming fight on debt ceiling.
Deal gives retailers no guarantee on East Coast port strike.
Any deal today would deal with only some recession-causing factors and set another deadline early next year.
