World Markets Drop as US Teeters on Fiscal Cliff

Investors alarmed by failure to reach deal

By Rob Quinn,  Newser Staff

Posted Dec 31, 2012 4:55 AM CST

(Newser) – Can American lawmakers hammer out a deal in time to avoid the fiscal cliff and toast the New Year? Investors worldwide are betting no. Uncertainty about budget negotiations and the future of the US economy drove down Asian markets on the last day of the...   Read full story »


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