US fiscal cliff deal boosts world markets
- Published: 2 Jan 2013 at 11.46
- Online news: World
World markets soared Wednesday after a tense New Year break, relieved after US lawmakers agreed a last-minute deal to avert massive tax hikes and pull their nation back from the fiscal cliff.
Traders work on the floor of the New York Stock Exchange on January 2, 2013 in New York City. World markets soared Wednesday after a tense New Year break, relieved after US lawmakers agreed a last-minute deal to avert massive tax hikes and pull their nation back from the fiscal cliff.
Congress voted overnight on a stop-gap agreement that dodged across-the-board tax hikes and automatic spending cuts that had threatened to unleash economic turmoil and perhaps drive America back into recession.
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