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Stocks End Near Session Lows as Congress Struggles with Debt-Ceiling, Budget Measures

Posted
10/15/2013 4:06:00 PM
By: MT Newswires
Referenced Stocks:

Stocks closed lower Tuesday, finishing near their lows for the session and snapping a four-day winning streak as Congress continues to wrangle over terms to extend the nation's borrowing authority and end the partial government shutdown. House Republicans reportedly are planning a vote later tonight on a proposal, although it is far from certain the measure has sufficient support to win passage. Senate leadership also has been working on compromise legislation, although that measure apparently has been on hold until a House deal emerges.