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The Boston Globe

Politics

Leaders hopeful fiscal cliff can be averted

WASHINGTON — Top congressional leaders emerged from a meeting with President Obama at the White House on Friday trying to project bipartisan confidence that they would break through gridlock to avert a potential economic catastrophe triggered by budget cuts and increased taxes.

Following an hourlong meeting at the White House, the four top congressional leaders stood by one another outside the West Wing, taking turns calling the meeting “very constructive.” Stocks on Wall Street briefly surged, with renewed optimism that a chief economic roadblock would be removed.

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