The Dow Jones drops over 300 points, U.S. stock prices tumbled ?
U.S. stock prices tumbled Monday, as growing concerns about heavy debt loads both domestically and abroad added more uncertainty to a troubled market.
The Dow Jones industrial average was lately down over 300 points. It was the index’s third day of losses in the past four.
A U.S. congressional committee is expected to concede defeat in its bid to lower the deficit, renewing the debate over taxes and spending at a time when the impending expiration of payroll tax breaks and jobless benefits could undermine the economy.
The committee's co-chairs will issue a statement later Monday, according to sources, declaring the bipartisan committee was unable to reach a deficit-reduction deal because of deep divides over taxes and spending.
The Dow Jones industrial average was lately down over 300 points. It was the index’s third day of losses in the past four.
A U.S. congressional committee is expected to concede defeat in its bid to lower the deficit, renewing the debate over taxes and spending at a time when the impending expiration of payroll tax breaks and jobless benefits could undermine the economy.
The committee's co-chairs will issue a statement later Monday, according to sources, declaring the bipartisan committee was unable to reach a deficit-reduction deal because of deep divides over taxes and spending.
Subscribe to:
Post Comments (Atom)
0 comments:
Leave a Comment