FTSE 100 breaks 6,000 mark after US budget deal
The FTSE 100 index has broken the 6,000 mark for the first time in 18 months, as the US "fiscal cliff" deal of spending cuts and tax hikes, boosted confidence in the markets.
America's budget crisis has been averted, but not solved
America's financial crisis has been averted, not solved. We've had the fiscal cliff. Now get ready for the debt abyss.
What is America's 'fiscal cliff'?
Democrats and Republicans have so far failed to agree on an alternative plan to the tax increases and spending cuts scheduled for January 1.