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Stocks Drop on Report That Obama Will Not Make a New Offer to Avert 'Fiscal Cliff'

Friday, 28 Dec 2012 | 3:44 PM ET

Stocks fell after a report stated that President Obama will not make a new offer to avert the 'fiscal cliff', but will instead insist on no tax hikes for anyone earning less than $250,000. Click here for market reaction.

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