Friday, December 21, 2012

Wall Street Tense After 'Fiscal Cliff' Setback




From CNBC: Friday could be a tense day for markets, as a resolution to the "fiscal cliff" appears less likely in the final trading days of the year.

Stock futures fell sharply Thursday evening after House Speaker John Boehner said he failed to mount support for his "Plan B" version of a bill that would raise taxes only on families earning more than $1 million, a plan already opposed by the White House. GOP leaders said the House would not take up any other votes until after Christmas, meaning the fiscal cliff talks could now count down to the new year's deadline or later.

Dow futures saw triple digit losses Thursday evening, while Asian markets gave up early gains….

Wait, wait...there's more at http://www.cnbc.com/id/100332842

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