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New York (AFP) – U.S. stocks reversed losses and finished higher Monday amid encouraging signs from the White House and Congress that a deal was in reach on the budget and debt ceiling.

At the close, the Dow Jones Industrial Average added 64.15 points (0.42 percent) at 15,301.26.

The broader S&P 500 rose 6.95 (0.41 percent) to 1,710.15, and the Nasdaq Composite gained 23.40 (0.62 percent) at 3,815.27.

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US Speaker of the House Nancy Pelosi wants her Democrats to push through trillions of dollars worth of investments in infrastructure and social service programs before a self-imposed deadline of September 30, 2021

Washington (AFP) - House Speaker Nancy Pelosi expressed confidence a massive infrastructure bill will pass this week but acknowledged it would not get a Monday vote as planned, with fellow Democrats warning critical work remains to meet the party's deadlines.

Democrats have been scrambling to hammer out a landmark plan to upgrade the nation's roads and bridges, but are also under immense pressure to finalize a $3.5 trillion public investment package and fund the government to avert a looming shutdown -- all by September 30.

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