U.S. Congress Delays Vote After Christmas.
U.S. Congress to delay a vote until after Christmas, a spokesman said
one of the party Rapublik, Peter Roskam, after Republican leaders
said they did not have enough votes to pass a solution to the
application of taxes in order to avoid the fallout from the fiscal cliff
problem.
Roskam said "tomorrow is another day" when asked if he was disappointed
with the decision. A spokesman for John Boehner has urged
"Plan B" that would raise taxes on families with incomes of more than $ 1
million while making changes to other taxes. The White House
has threatened to use the veto.
Nikkei Weakens Post-delayed U.S. Budget Discussion
Japan's Nikkei moved down defer gains and fell on Friday after the U.S. Congress to stop the meeting after failing to get enough votes to pass the proposal, hitting sentiment and dragged down the sector stocks exporters. Nikkei down 0.4% to 9,999.14 in early trade, after rising to 10,175.06 earlier higher.
The U.S. Congress will postpone the discussion of the budget after Christmas, said a spokesman for Republican Peter Roskam, after the lead Party Republic said that they did not have enough votes to pass the tax proposal in order to avoid financial collapse. Analysts said that investors are ready to pursue a stock moves up the hope that the discussion related to the handling of fiscal cliff will give a resolution, but they re-draw position after the news was released.
Contracts Crude Oil Down More Than $ 1 U.S. Budget Related Issues
Crude oil fell more than $ 1 on Friday after a discussion about the handling of the budget problems in the U.S. to avoid a financial collapse by the end of the year was again delayed, sparking worries about consumer demand from the world's biggest crude oil. U.S. crude oil contract for February fell as much as $ 1.03 to $ 89.11 per barrel.
Nikkei Weakens Post-delayed U.S. Budget Discussion
Japan's Nikkei moved down defer gains and fell on Friday after the U.S. Congress to stop the meeting after failing to get enough votes to pass the proposal, hitting sentiment and dragged down the sector stocks exporters. Nikkei down 0.4% to 9,999.14 in early trade, after rising to 10,175.06 earlier higher.
The U.S. Congress will postpone the discussion of the budget after Christmas, said a spokesman for Republican Peter Roskam, after the lead Party Republic said that they did not have enough votes to pass the tax proposal in order to avoid financial collapse. Analysts said that investors are ready to pursue a stock moves up the hope that the discussion related to the handling of fiscal cliff will give a resolution, but they re-draw position after the news was released.
Contracts Crude Oil Down More Than $ 1 U.S. Budget Related Issues
Crude oil fell more than $ 1 on Friday after a discussion about the handling of the budget problems in the U.S. to avoid a financial collapse by the end of the year was again delayed, sparking worries about consumer demand from the world's biggest crude oil. U.S. crude oil contract for February fell as much as $ 1.03 to $ 89.11 per barrel.
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