You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

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 10 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