Schenectady selected by casino board

Schenectady selected by casino board

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The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

Stocks surge as Washington closes in on debt deal

NEW YORK (AP) -- Stocks are surging on Wall Street as Washington closes in on a deal to avoid a default by the U.S. government.

The Dow Jones industrial average spiked 200 points, or 1.3 percent, to 15,370 in late morning trading shortly after news that Senate leaders reached an agreement to avert a default.

The bill must still pass the House of Representatives as well as the Senate.

The deal would also reopen the government after a partial 16-day shutdown.
   AP-WF-10-16-13 1513GMT
 
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