U.S. stock prices tumbled Monday, as growing concerns about heavy debt loads both domestically and abroad added more uncertainty to a troubled market.
The Dow Jones industrial average was lately down over 300 points. It was the index’s third day of losses in the past four.
A U.S. congressional committee is expected to concede defeat in its bid to lower the deficit, renewing the debate over taxes and spending at a time when the impending expiration of payroll tax breaks and jobless benefits could undermine the economy. Read Here
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