Budget Cuts and Tax Hikes Only Seven Weeks Away - Market Update - Zing BlogTwo years ago when a grueling compromise was struck to extend tax breaks and cut spending, everyone could see that another deal would need to be made by Jan. 1, 2013. Members of the Senate and the House of Representatives now have merely seven weeks until tax hikes and budget cuts go into effect that threaten to trigger another recession.

What’s Up on Wall Street?

The Dow Jones Industrial Average decreased 10.75 points (-0.08%) while the Nasdaq fell 13.35 points (-0.46%). Also, the S&P 500 dropped 2.86 points (-0.21%).

Current Rates

Here are some of today’s rates:

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Financial Links

Here are a few links to some of today’s financial articles. Be sure to leave a comment below if you know of any additional financial articles that are trending today.

Washington Post

2 Million Could Lose Unemployment Benefits Unless Congress Extends Program


Wall Street Pares Early Losses on Home Depot


U.S. Stocks Fall Amid Concern About Fiscal Cliff, Greece


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