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Investors bet that Washington will work out a 'fiscal cliff' deal, sending stocks higher

Article by: CHRISTINA REXRODE , Associated Press

Updated: December 31, 2012 - 4:32 PM

NEW YORK - The stock market shot higher on Monday even as the "fiscal cliff" neared. By the time trading ended, Republicans and Democrats still hadn't reached a budget compromise — but investors were betting that they would.

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