Most of Wall Street views a budget agreement as a done deal. If it's not, lots of people will have to rethink rosy scenarios for a happy New Year.» Read More
*Senate plan would extend borrowing authority to Feb. 7. Senate aides said a deal was close but details remained to be worked out, and earlier hopes that a deal could be announced late on Tuesday were not met.
*Senate plan would extend credit limit until Feb. 7. WASHINGTON, Oct 15- Democratic and Republican leaders in the U.S. Senate could announce a deal late on Tuesday to extend the government's borrowing authority until Feb. 7 and quickly re-open federal agencies that have been closed since Oct. 1, a Senate aide said.
*Senate talks resume after waiting for House plan. Chaotic negotiations to end the U.S. fiscal impasse failed to produce a deal, and left Congress and President Barack Obama desperately searching for a way to reopen the government and raise the country's debt limit ahead of a Thursday deadline.
*Senator Durbin says U.S. Senate talks suspended. But what you can be sure is that China will pay very close attention to this rating, "said Douglas Borthwick, managing director at Chapdelaine Foreign Exchange in New York." I would expect comments from China and Japan regarding their frustration over the lack of conclusion of the U.S. debt talks.
WASHINGTON, Oct 15- Stop-start negotiations to end the U.S. fiscal impasse left congressional leaders and President Barack Obama desperately searching on Tuesday for a way to reopen the government and raise the country's debt limit ahead of a Thursday deadline.
The Senate halted discussions on its own plan and is waiting for the Republican-controlled House of Representatives to come up with an alternative proposal before Thursday, when the U.S.
*Europe data shows signs of strength. NEW YORK, Oct 15- U.S. short-term bill rates rose and stocks slid on Wall street as U.S. Senate fiscal negotiations were suspended, making prospects for an agreement to end the U.S. government's budget and debt impasse less promising.
WASHINGTON, Oct 15- Negotiations in Congress to end the fiscal impasse sputtered on Tuesday, leaving both chambers grasping for a way to reopen the government and raise the country's borrowing authority with a Thursday deadline drawing near.
WASHINGTON, Oct 15- Republicans in the U.S. House of Representatives struggled to find a strategy on Tuesday to end a fiscal impasse, complicating prospects for a deal with President Barack Obama to reopen the government and raise the country's borrowing authority.
*Gold steadies after falling to 3- month low. NEW YORK, Oct 15- Mixed signals from Washington on progress in the budget and debt talks left markets confused on Tuesday, boosting the dollar, but U.S. stocks slipped and an auction of short-term U.S.
WASHINGTON, Oct 15- Republicans in the U.S. House of Representatives failed to reach internal consensus on Tuesday on how to break an impasse on the federal budget that could soon result in an economically damaging default on the country's debt.
*Wall St lower as Citi results offset Washington optimism. NEW YORK, Oct 15- Global equities markets rose and the dollar strengthened on Tuesday on signs of progress in Washington's budget and debt talks, though U.S. stocks edged lower on Citigroup's weaker-than-expected quarterly earnings.
*Silver slides more than 3 pct to two-month low. LONDON, Oct 15- Gold prices steadied on Thursday as an early drop to three-month lows tempted some buyers back to the market, but stayed under pressure as hopes that policymakers are close to resolving U.S. debt negotiations in Washington lifted stocks and the dollar.
WASHINGTON, Oct 15- U.S. senators expressed hope that a bipartisan deal could emerge on Tuesday to end Washington's fiscal crisis even as Republicans in the House of Representatives said they were working on a separate plan. "I think we'll get an agreement today in the Senate," Arkansas Democrat Mark Pryor told CNN's "New Day" program.
The Fed won't taper its bond-buying program for three or four months because of the D.C. budget overhang, said David Tepper, founder of Appaloosa Management.
*Citigroup adjusted profit hit by bond trading slowdown; shares dip. NEW YORK, Oct 15- Wall Street was set for a flat open on Tuesday after a four-session rally on the S&P 500 as investors focused on developments in the budget talks and a batch of corporate earnings including Citigroup.
*Citigroup adjusted profit hit by bond trading slowdown; shares dip. NEW YORK, Oct 15- U.S. stock futures edged lower on Tuesday after Citigroup reported a marginal fall in adjusted quarterly profit from continuing businesses after the Federal Reserve chose to continue its program of bond buying for longer than expected.
The stock market is not overvalued right now, but it's no bargain anymore, Leon Cooperman, chairman and CEO of Omega Advisors, told CNBC on Tuesday.
NEW YORK, Oct 15- The dollar rose to touch a one-month high against a basket of currencies on Tuesday, buoyed by optimism that U.S. lawmakers could soon reach a deal to avert a U.S. debt default.
*Citigroup adjusted profit hit by bond trading slowdown; shares dip in premarket. NEW YORK, Oct 15- U.S. stock futures edged lower on Tuesday after Citigroup reported a marginal fall in adjusted quarterly profit from ongoing businesses after the Federal Reserve's decision to continue its bond-buying program for longer than expected slowed trading by clients.