Over the next month, the White House and congressional leaders will continue the seesaw of negotiations to avert damage to the nation’s economy. If they fail to agree on how to handle expiring tax cuts and nearly $1 trillion in government budget cuts by January, the nation could fall back into a recession, the Congressional Budget Office has warned. And defense stocks begin their own drawdown if they don’t see the outlines of a deal by Dec. 3, writes Byron Callan of Capital Alpha ...
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