Issue link: https://www.epageflip.net/i/192522
8A Daily News – Tuesday, October 15, 2013 Debt ceiling talks push stocks higher NEW YORK (AP) — Stocks rose Monday, helped by signs that Washington was moving closer to a deal that would avert a default by the U.S. govern- TOM'S Wall Street ment. The stock market started the session broadly lower after negotiations between the White House and House Republicans broke down over the weekend. However, stocks erased those losses in early afternoon trading following news that President Barack Obama would meet with Congressional leaders. The market extended those gains after Senate leaders in both parties said Glass & Muffler Fall Leagues 214 MAIN ST., RED BLUFF 527-5767 now forming 530 ✓ TUNE-UPS ✓ SMOGS ✓ AIR CONDITIONERS ✓ AUTO GLASS ✓ MUFFLERS ✓ GENERAL OPENINGS FOR TEAMS & INDIVIDUALS CALL 527-2720 TO SIGN UP TODAY!! Providing year round family fun since 1958 FREE KIDS SCOOP with purchase of equal or greater value Must present coupon REPAIRS 365 S. Main St., Red Bluff (530) 527-2720 www.lariatbowl.com 905 Walnut St. | Red Bluff • 528-1698 11am-9pm • 7 days facebook.com/scoopsofredbluff http://www.facebook.com/scoopsofredbluff orn's Eh ANTIQUES & MORE... Ralph and Joanne Ehorn are Retiring and want to thank everyone for their friendship and patronage. Voted Best Antique Store 5 years in a row!!!!!!! RETIREMENT SALE 50% OFF progress was being made. Democratic Majority Leader Harry Reid opened the Senate session Monday by saying he was ''very optimistic we will reach an agreement this week that's reasonable in nature.'' The Republican Senate leader, Mitch McConnell, seconded Reid's view, saying there had been ''a couple of very useful discussions.'' The Dow Jones industrial average added 64.15 points, or 0.4 percent, to close at 15,301.26. The index was down as much as 100 points earlier in the day. The Standard & Poor's 500 index rose 6.94 points, or 0.4 percent, to 1,710.14. The Nasdaq composite rose 23.40 points, or 0.6 percent, to 3,815.27. The United States will reach the limit of its borrowing authority Thursday, according to estimates from the Treasury Department. If the debt ceiling is not raised, investors fear the U.S. could default on its borrowings in the coming weeks. Monday's modest gains follow a surge in the market last week on signs of progress between Congressional Republicans and the White House. The Dow jumped 323 points on Thursday, its biggest gain of the year, and rose another 111 points Friday. Investors continue to express hope that a deal can be reached before the debt crisis causes any lasting damage. In the last few years, political deals over major budget disputes have gone down to the last minute. ''We don't need some well-crafted, detailed deal,'' said Quincy Krosby, market strategist with Prudential Financial. ''We just need to buy some time so they can keep negotiating.'' The U.S. government remains partially shut down because House Republicans want to attach conditions to a budget bill that would scale back the country's new health care law. President Barack Obama is insisting that the government be reopened without strings attached. The partial shutdown is entering its third week. 5am to 11pm ONE STOP ✓Check out our selection of beer, wine & tobacco Your One Stop Convenience Store 714 Walnut St., Red Bluff Respecting People. Impacting Business Starting October 16th, 2013 at 10 a.m. • Furniture • Lanterns • Glassware • Clock • Pottery • Figurines • Collectibles • Jewelry • Art Work • Photographs • Anvils • Vices • Cast Iron Items • Fishing Poles, Reels & Lures • Purses • Vintage Clothes • Knives • Cameras • Pocket Watches • Wrist Watches • Indian Baskets AND MANY MORE ITEMS...... Hoyt-Cole Call us. And get back to work. Call us any time for: • An extensive network of recruiting sources • Testing and training • Experienced recruiters • Full-time employees • HR expertise and support services • Temporary Workers • Evaluation hire • Carefully screened candidates • Dedicated service Chapel of the Flowers Funerals • Cremations • Prearrangements 816 Walnut St., Red Bluff, CA (530) 527-1174 Think Christmas!!!!! 629 Main St., Red Bluff, CA (530) 527-0360 530-527-0727 243 So. Main Street www.expresspros.com FD652 www.chapeloftheflowers.net