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Stocks surge as Washington moves to end impasse

3 years 2 months 1 day ago October 10, 2013 Oct 10, 2013 Thursday, October 10 2013 October 10, 2013 1:34 PM in News
Source: Associated Press

NEW YORK- The stock market is surging as Washington moves closer to avoiding a default on the U.S. government's debt.

The market is on track for its biggest gain since January.

The Dow Jones industrial average jumped as much as 310 points to 15,113 in the late afternoon Thursday.

House Republicans said they would advance legislation to temporarily extend the government's borrowing authority so it can continue to pay its bills on time.

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