Business

Stocks sink after Republicans cancel budget vote

By Steve Rothwell
Published December 21, 2012 9:49pm ET
Add Washington Examiner on Google
Stocks sink after Republicans cancel budget vote
Specialist Christopher Culhane works at his post on the floor of the New York Stock Exchange Friday, Dec. 21, 2012. Stocks opened sharply lower Friday on Wall Street after Republicans in the U.S. House of Representatives called off a vote on tax rates and left federal budget talks in disarray 10 days before sweeping tax increases and government spending cuts take effect. (AP Photo/Richard Drew) | Richard Drew

NEW YORK (AP) — Investors sent Washington a reminder Friday that Wall Street is a power player in talks to avoid the “fiscal cliff.”

Stocks fell sharply after House Republicans called off a vote on tax rates and left federal budget talks in disarray 10 days before sweeping tax increases and government spending cuts are scheduled to take effect.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.