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Article posted: 1/6/2013 3:58 PM

Wall Street cheers ‘cliff’ deal, but only for now

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There could be more turmoil in the market soon because decisions on cutting the federal budget deficit have been put off until March, when the government will reach its borrowing limit.

ASSOCIATED PRESS

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When lawmakers delivered a long-delayed, last-minute agreement on the budget, Wall Street celebrated. And it would be easy to think that the surge in the Dow the following day meant that investors had put their concerns about Washington's political gridlock behind them. But that isn't the case.