Stocks fall as lawmakers doubt budget deal

Stocks fall as lawmakers cast doubt on chances of reaching "fiscal cliff" deal

Associated Press

Stocks are down Wall Street amid concern that lawmakers will fail to reach a deal to stop the U.S. going over the so-called fiscal cliff.

The Dow Jones industrial average is down 32 points at 13,158. The Standard & Poor's 500 index is off four points at 1,426. The Nasdaq composite is down nine points at 3,012.

Sen. Joe Lieberman said Sunday that it "It's the first time that I feel it's more likely we'll go over the cliff than not," following the collapse late Thursday of House Speaker John Boehner's plan to allow tax rates to rise on million-dollar-plus incomes. Wyoming Sen. Jon Barrasso, a member of the Republican leadership, predicted the new year would come without an agreement.

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