Advertisement
News
Advertisement

No medical device tax repeal as Senate reaches deal to end shutdown

Wed, 10/16/2013 - 12:28pm
Mass Device

U.S. stock markets rally on news that the Senate has reached a deal to end the federal shutdown and avoid default on the government's debts, but the measure won't repeal or delay the medical device tax.

Senate leaders reached a deal to end the federal shutdown and avoid default on the U.S. government's debts, Politico is reporting, sending U.S. stock markets up.

The Dow Jones index rose 1.3% to 15,371.08, the S&P 500 jumped 1.4% to 1,721.18 and the NASDAQ exchange posted a 1.2% increase to 3,837.93 after the news broke today.

The U.S. House immediately began to debate the Senate deal, brokered by majority leader Sen. Harry Reid (D-Nev.) and minority leader Sen. Mitch McConnell (R-Ky.), Politico reported, citing "several sources familiar with the talks."

Advertisement

Share this Story

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading