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Asian stocks up ahead of US ‘fiscal cliff’ talks

By , on December 28th, 2012

<!– google_ad_section_start –> BANGKOK (AP) — Asian stock markets rose Friday, hours before President Barack Obama and key lawmakers were to meet at the White House to try to hammer out an 11th-hour budget compromise to avert the so-called fiscal cliff. Lawmakers have until Monday night to reach a deal before hundreds of billions of dollars in automatic tax increases and deep cuts to government spending kick in. Such a drastic reshuffling of money could throw the U.S. into another recession, economists have warned. <!– google_ad_section_end –>

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Asian stocks up ahead of US ‘fiscal cliff’ talks

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