NEW YORK (AP) -- News that a bipartisan deal has been reached to avoid a U.S. default and reopen the government has spurred a rally on Wall Street. The Dow has been close to 200 points higher for much of the afternoon, while the broader indexes also are more than 1 percent higher.
WASHINGTON (AP) -- Senate leaders have reached a last-minute agreement to avert a threatened Treasury default and reopen the government after a partial, 16-day shutdown. One prominent tea party lawmaker who helped force the shutdown says he'll vote against the plan. But Sen. Ted Cruz says he won't try to delay a vote. That concession makes it a strong possibility that both houses of Congress could pass the measure by day's end.
WASHINGTON (AP) -- The Federal Reserve's latest regional surveys find economic growth slowed in a few key regions from September through early October. Growth continued at a modest to moderate pace overall, but four of the Fed's 12 banking districts -- Philadelphia, Richmond, Chicago and Kansas City -- reported that growth had slowed. While businesses expressed optimism about the future, many noted increased uncertainty generated by Washington's latest budget impasse.
WASHINGTON (AP) -- U.S. homebuilders are expressing less confidence in the housing market. The National Association of Home Builders/Wells Fargo builder sentiment index slipped two points to 55 in October. Still, builders remain optimistic that the housing recovery will continue. Any reading above 50 indicates a majority of builders surveyed see sales conditions as good.
SEATTLE (AP) -- Washington state has approved rules for its newly legal marijuana industry. The rules allow up to 334 pot stores to open in the state and also cover a range of other issues including the security and size of licensed marijuana gardens. Stores are expected to open by next summer.
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