Thursday, 28 July 2011

US Stocks Drop on DebtCeiling Concern Decline in Durable Goods Orders

U.S. stocks fell, dragging the Standard & Poors 500 Index down the most in almost two months, as lawmakers indicated they were no closer to reaching a compromise on the federal debt limit.

The non-partisan Congressional Budget Office said Reids plan would cut $2.2 trillion over 10 years, shy of its $2.7 trillion target. CBO said Boehners plan would save just $850 billion rather than its advertised $3 trillion.....


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