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A top U.S. banking regulator called Deutsche Bank's capital levels "horrible" and said it is the worst on a list of global banks based on one measurement of leverage ratios.
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WASHINGTON, Dec 31- The White House and congressional lawmakers have reached a deal to avoid the "fiscal cliff" that would delay harsh spending cuts by two months, Obama administration officials said on Monday.
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WASHINGTON, Dec 31- The U.S. House of Representatives is expected to split a $60.4 billion Superstorm Sandy disaster aid bill into two parts, staging votes on $27 billion to fund immediate recovery needs and $33 billion for long-term and other projects, Republican lawmakers and aides said on Monday.
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WASHINGTON, Dec 31- The White House and congressional lawmakers have reached a deal to avoid the "fiscal cliff" that would delay harsh spending cuts by two months, an Obama administration source said on Monday. The source said Democratic Senate Majority Leader Harry Reid and House of Representatives Minority Leader Nancy Pelosi had signed off on the deal.
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BEIJING, Jan 1- China's official Xinhua news agency demanded on Tuesday that the United States live up to its global economic responsibilities, put political infighting aside and sort out the "fiscal cliff" mess.
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*Slender hope for Congress to avoid milk price surge. WASHINGTON, Dec 31- Republican leaders in the U.S. House of Representatives and Senate refused to go along with a farm-state plan to avert the "dairy cliff" on Monday, the last day to act before retail milk prices may begin climbing toward $7 a gallon.
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WASHINGTON, Dec 31- Republican Senator Bob Corker said it is "highly likely" that the U.S. Senate will vote Monday night on a bill to avoid the brunt of the "fiscal cliff."
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WASHINGTON, Dec 31- A possible deal between Senate Republican leader Mitch McConnell and Vice President Joe Biden to avert the "fiscal cliff" would include a two-month delay in automatic federal spending cuts that were due to begin this week, Republican Senator John McCain said on Monday.
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WASHINGTON, Dec 31- The U.S. House of Representatives expects to reconvene on Tuesday at noon, Representative Steven LaTourette said, after negotiations to avert the "fiscal cliff" developed slowly on Monday.
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WASHINGTON, Dec 31- The U.S. A Treasury official said the federal government was hitting its $16.4 trillion ceiling on borrowing.
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WASHINGTON, Dec 31- President Barack Obama, in remarks that needled Republicans and resembled a victory lap, said on Monday an agreement with Congress to avoid a "fiscal cliff" of tax increases and spending cuts was in sight. There are still issues left to resolve, but we're hopeful that Congress can get it done. "
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WASHINGTON, Dec 31- The U.S. A Treasury official said the federal government was hitting its $16.4 trillion ceiling on borrowing.
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WASHINGTON, Dec 31- The United States looked on track to tumble over the "fiscal cliff" at midnight on Monday, at least for a day, as lawmakers remained reluctant to back last-minute efforts by Senate leaders to avert severe tax increases and spending cuts.
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*S&P 500 ends 2012 up 13.4 percent. NEW YORK, Dec 31- U.S. stocks closed out 2012 with their strongest day in more than a month, putting the S&P 500 up 13.4 percent for the year, as lawmakers in Washington closed in on a resolution to the "fiscal cliff" negotiations.
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WASHINGTON, Dec 31- The U.S. House of Representatives may not vote on any Senate- passed "fiscal cliff" deal until after Monday's midnight EST deadline, a Republican leadership aide said. The aide said any negative fallout from delaying a vote until Tuesday, New Year's Day, would be minimal since financial markets would be closed.
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WASHINGTON, Dec 31- U.S. Senate Republican leader Mitch McConnell said on Monday that agreements with Democrats have been reached on all of the tax issues in an emerging "fiscal cliff" deal, and the Senate should not delay in passing these.
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NEW YORK, Dec 31- U.S. Things look a lot closer to something getting done than we previously thought, so the back end of our market is trading a little heavy, "said Rick Klingman, managing director in Treasuries trading at BNP Paribas in New York.
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WASHINGTON, Dec 31- President Barack Obama on Monday said it appeared a deal on the "fiscal cliff" was within sight but it was not complete yet. "Today it appears that an agreement to prevent this New Year's tax hike is within sight, but it is not done," Obama said at the White House. "
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WASHINGTON, Dec 31- U.S. Senate leaders were hammering out a last-minute deal to avoid the "fiscal cliff" on Monday, but it was still unclear if rank-and-file lawmakers would back the agreement, particularly those in the Republican-led House of Representatives.
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WASHINGTON, Dec 31- An emerging deal to avoid the U.S. " fiscal cliff "would raise $600 billion in revenue over the next 10 years by increasing tax rates for individuals making more than $400,000 and households making above $450,000 annually, according to a source familiar with the talks.
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*S&P 500 on track for double-digits gains for 2012. *Apple shares advance, lifting technology sector. The deal, which would still need to be approved by both the Senate and House of Representatives, would raise tax rates for individuals with annual income over $400,000 a year but permanently extend middle class tax cuts.
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