Record S&P Shows Investors Unfazed by U.S. Gridlock: Economy
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Investors are no longer letting political uncertainties in Washington keep them from pouring money into U.S. stocks.
Lawmakers show no signs of agreeing on a federal budget for the 2014 fiscal year, which may trigger more automatic spending cuts in a matter of months. They face a Feb. 7 deadline for raising the nation’s borrowing limit. And questions remain about how the Affordable Care Act will affect what Americans pay for health care. Even so, the Standard & Poor’s 500 Index climbed to a record last week and is up 25.6 percent so far in 2013.