'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 This material may not be published, broadcast, rewritten or redistributed.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>>

  • breaking

    3 people rescued from 2-alarm fire in downtown Albany

    3 people rescued from 2-alarm fire in downtown Albany

    Wednesday, January 24 2018 4:57 AM EST2018-01-24 09:57:09 GMT
    (Source: WALB)(Source: WALB)

    Fire crews spent several hours battling a blaze in downtown Albany early Wednesday morning.

    More >>

    Fire crews spent several hours battling a blaze in downtown Albany early Wednesday morning.

    More >>
  • Runway resurfacing project moves forward

    Runway resurfacing project moves forward

    Tuesday, January 23 2018 11:42 PM EST2018-01-24 04:42:14 GMT
    Officials say the design phase for the runway will begin next week. (Source: WALB)Officials say the design phase for the runway will begin next week. (Source: WALB)

    The approval for resurfacing the main runway at the Southwest Georgia Regional Airport cleared it's final hurdle Tuesday night. Officials said they will begin work next week. 

    More >>

    The approval for resurfacing the main runway at the Southwest Georgia Regional Airport cleared it's final hurdle Tuesday night. Officials said they will begin work next week. 

    More >>
  • Historic district expansion tabled by city commission

    Historic district expansion tabled by city commission

    Tuesday, January 23 2018 11:36 PM EST2018-01-24 04:36:00 GMT
    Many residents left the commission meeting rather quickly after the commissioners decided to table the discussion about the historic district. (Source: WALB)Many residents left the commission meeting rather quickly after the commissioners decided to table the discussion about the historic district. (Source: WALB)

    A number of people left Tuesday's Albany City Commission very upset. The long-awaited decision about the expansion of the Albany and Dougherty County's historic district was delayed. 

    More >>

    A number of people left Tuesday's Albany City Commission very upset. The long-awaited decision about the expansion of the Albany and Dougherty County's historic district was delayed. 

    More >>
Powered by Frankly