Futures Soar On Potential End To Budget Impasse

By: AP
By: AP

Stock futures are rising sharply on talk of a deal that may avert a U.S. government default.

Dow Jones industrial futures are up 128 points to 14,656. S&P futures have gained 16.2 points to 1,665. Nasdaq futures are up 30 points to 3,162.50.

President Barack Obama will meet with top House Republicans at the White House to seek a path beyond a confrontation that has left the government shuttered for close to two weeks.

House GOP leaders appear to be ready to advance a short-term debt limit increase that would prevent the first default on U.S. debt next week.

All major U.S. averages have taken a beating this month due to the impasse.

The Dow Jones, the S&P and Nasdaq are down 2 percent to 3 percent this week alone.

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