'Cliff' deal passed, without GA. GOP - WALB.com, South Georgia News, Weather, Sports

'Cliff' deal passed, without GA. GOP

ATLANTA (AP) - Georgia's Republicans in the U.S. House voted against a last-minute deal to avoid the "fiscal cliff" after the state's two senators voted for it.

The Atlanta Journal-Constitution reports (http://bit.ly/12WMf6C) that all 8 of Georgia's Republicans voted against the bill in the House late Tuesday.

They broke with the state's GOP senators, Saxby Chambliss and Johnny Isakson, who had voted for it just after the new year began.

Among Democrats, John Barrow of Augusta voted no. Sanford Bishop of Albany; David Scott of Atlanta; and Hank Johnson of DeKalb County voted yes.

Democratic Rep. John Lewis of Atlanta did not vote, as he returned home after his wife died Monday.

The last-minute deal in Congress to avoid the "fiscal cliff" sent world stocks climbing Wednesday.

Information from: The Atlanta Journal-Constitution, http://www.ajc.com

But investors liked what they saw. Stocks opened sharply higher on Wall Street after lawmakers averted sweeping cuts in government spending and with a last-minute budget deal.

The Dow Jones industrial average jumped 232 points to 13,336 shortly after the opening bell Tuesday, the first trading day of 2013. That's a gain of 1.8%.

The Standard & Poor's 500 index shot up 29 points, or 2%, to 1,455. The Nasdaq composite rose 82 points, or 2.7%, to 3,102.

Investors have been keeping a close eye on the budget stalemate in Washington and were relieved that a deal was reached. However the late-night budget agreement leaves many issues unresolved and it remained unclear how long the market rally would last. Next up is a fight over the government's borrowing limit.

 

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • The Latest: Irma weakens into a tropical depression

    The Latest: Irma weakens into a tropical depression

    Monday, September 11 2017 3:27 AM EDT2017-09-11 07:27:29 GMT
    Tuesday, September 12 2017 2:42 AM EDT2017-09-12 06:42:09 GMT
    Irma weakened to a Category 1 storm as the massive hurricane zeroed in on the Tampa Bay region early Monday after hammering much of Florida with roof-ripping winds, gushing floodwaters and widespread power outages.More >>
    Irma weakened to a Category 1 storm as the massive hurricane zeroed in on the Tampa Bay region early Monday after hammering much of Florida with roof-ripping winds, gushing floodwaters and widespread power outages.More >>
  • Sisters face drug charges in Coffee Co.

    Sisters face drug charges in Coffee Co.

    Tuesday, September 19 2017 10:44 AM EDT2017-09-19 14:44:52 GMT
    (Source: Coffee Co. Sheriff)(Source: Coffee Co. Sheriff)

    Krystel Merritt and Christina Maria Lott of Douglas are behind bars at the Coffee County Jail following a lengthy investigation by drug agents. 

    More >>

    Krystel Merritt and Christina Maria Lott of Douglas are behind bars at the Coffee County Jail following a lengthy investigation by drug agents. 

    More >>
  • Albany Target to hire seasonal employees soon

    Albany Target to hire seasonal employees soon

    Tuesday, September 19 2017 5:33 AM EDT2017-09-19 09:33:16 GMT
    (Source: WALB)(Source: WALB)

    Nationwide, the company plans to hire 100,000 seasonal employees to help with the demand.

    More >>

    Nationwide, the company plans to hire 100,000 seasonal employees to help with the demand.

    More >>
Powered by Frankly