Sentiment Rises as US Deal Comes Closer

Wall Street quickly pared initial losses and ended the day higher amid expectations that law makers would soon reach a deal to raise the debt limit. Majority Leader Harry Reid (Democrat) said that he was "very optimistic" about the "constructive, good-faith negotiations". Meanwhile, Senate Minority Leader Mitch McConnell expected to "get a result that will be acceptable to both sides".

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Sentiment Rises as US Deal Comes Closer