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European stocks down US ‘fiscal cliff’ talks

<!– google_ad_section_start –> MOSCOW (AP) — European shares traded lower early on Friday on waning hopes that U.S. President Barack Obama and key lawmakers would manage to reach an 11th-hour budget compromise. U.S. politicians have until Monday night to hammer out an agreement before the U.S. runs over the “fiscal cliff” — hundreds of billions of dollars in tax increases and deep cuts to government spending that automatically kick in on Jan. 1. Such a drastic measure could throw the U.S. into another recession, economists have warned. <!– google_ad_section_end –>

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European stocks down US ‘fiscal cliff’ talks

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