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Stocks fall as fears of protracted shutdown grow



Published: Wed, October 2, 2013 @ 6:27 p.m.

Stocks fall as fears of protracted shutdown grow

NEW YORK (AP) - Fear of a protracted U.S. government shutdown is making global investors increasingly nervous. U.S. and European stock markets fell today as investors and world leaders worried about the threat to the global economy. Europe’s top central banker called the partial shutdown “a risk if protracted.” Boston’s Federal Reserve Bank president cited the budget battle as a reason the Fed refused to pull back its economic stimulus last month, and President Barack Obama appeared on financial network CNBC to urge Congress to pass a budget and avoid derailing the nation’s economic recovery.


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