It’s impossible to listen to debates about the federal budget without getting an earful about earmarks.

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Markets surged Tuesday afternoon, recovering from multi-year lows, after Citigroup cooled some worries about its solvency and talk resurfaced that the SEC could reinstate a key trading rule.

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Oil prices rose Monday on talk of an OPEC production cut, but they were off the day’s highs after comments from Saudi Arabia put a damper on that speculation.

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