Christmas Miracle: House & Senate Work Together on Budget (YahooFinance.com)
Investors received an early holiday gift yesterday when the House & Senate came together to agree on a budget that will avert another government shutdown. The two-year deal struck will bring a much-needed note of stability to the U.S. economic situation, and by extension, to global markets. According to Sen. Patty Murray (D. Wash.), the deal would gradually allow for more domestic and defense spending while cost-cutting measures will chip away at the deficit. With Democrats and Republicans from the House and Senate coming together to create this budget, have we just used up our supply of holiday miracles? Investors hope not.