Article updated: 12/19/2012 4:56 PM

Stocks fall as sides snipe in 'cliff' talks

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U.S. stocks fell, pulling the Standard & Poor's 500 Index down from a two-month high, as deteriorating federal budget negotiations fueled concern that automatic tax increases and spending cuts will be triggered.


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Stocks dipped Wednesday, recording their first loss of the week. President Barack Obama and Republicans in Congress sniped at each other, and a deadline to avoid sweeping tax increases and government spending cuts drew closer.
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