Read as much as you want on BostonGlobe.com, anywhere and anytime, for just 99¢.

Stocks fall as sides snipe in ‘cliff’’ talks

Continue reading below

Stocks posted their first loss of the week as President Obama and congressional Republicans sniped at each other as a deadline to avoid tax increases and government spending cuts drew closer. Obama said he and House Speaker John Boehner were ‘pretty close’ to a deal to avoid the so-called fiscal cliff, but the Republicans keep finding ways ‘to say no as opposed to finding ways to say yes.’ A defiant Boehner called for Obama to offer a plan balanced between spending cuts and tax hikes. The S&P 500 had gained more than 2% over the previous two days in part because of optimism about a deal — optimism that seemed to melt away on Wednesday.

Loading comments...

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week