US spending-cuts battles loom

A last-minute deal to avoid the US “fiscal cliff” sent world stocks climbing today but did not solve the massive budget deficit, meaning other battles on deep spending cuts are looming.

US spending-cuts battles loom
Wed, 02 Jan, 2013 - 15:22

A last-minute deal to avoid the US “fiscal cliff” sent world stocks climbing today but did not solve the massive budget deficit, meaning other battles on deep spending cuts are looming.

The Dow Jones industrial average jumped 1.8% as US markets opened.

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