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Markets, which were deep in the red this morning, bounced back temporarily after a headline crossed from Bloomberg that President Obama would offer a ‘scaled-back’ fiscal cliff package today.Click Here For LIVE Coverage Of Today’s Fiscal Cliff News >
However, stocks are right back to their lows of the day.
Congressional leaders are schedule to meet with Obama at 3:00 PM to continue to wrestle over a fiscal cliff deal.
Analysts and pundits are becoming increasingly pessimistic about the likelihood of a deal before the end of the year.