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Triple-Digit Dow Gain on Cliff Hopes
U.S. stocks on the rise as hopes rise the U.S. will avert a financial crisis. President Barack Obama said on Wednesday he hopes he and Congress can reach an agreement to avoid the looming "fiscal cliff" and shrink the budget deficit before Christmas. Speaker of the House John Boehner said Republicans were willing to look at revenue increase as long as tax rates are not raised. The comments lifted stocks to close out Wednesday's session to the upside; the Dow posting a triple digit gain.
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