Copper Falls for a Fourth Day in New York on U.S. Budget

Copper futures fell for a fourth day in New York, capping the longest string of declines since October, as signs that U.S. budget talks are faltering dimmed prospects for economic growth and metals demand.

The White House is rejecting House Speaker John Boehner’s “Plan B,” and warned business leaders yesterday that talks to avert more than $600 billion in tax increases and spending cuts set to start in January are regressing. The index of U.S. leading indicators fell in November, pointing to a slowdown in the economy early next year as companies curb investment and global growth cools.