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Rebecca Taylor

World stocks put relief rally on pause

<!– google_ad_section_start –> FRANKFURT, Germany (AP) — Enthusiasm faded on Wall Street and in European markets Thursday over U.S. legislators’ deal to stave off the so-called fiscal cliff, a series of automatic tax increases and spending cuts that could have hurt the world’s largest economy. While the deal passed by Congress this week avoids the near-term risk of a major blow to businesses and households, it left unsolved several budget measures, mainly government spending cuts. <!– google_ad_section_end –>

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World stocks put relief rally on pause

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