You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want 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...
Subscriber Log In

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
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.