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GE Blames Congress for Job Cuts in U.S.; Stocks Rally on Fed Hope

General Electric (GE) blamed Washington lawmakers for forcing its hand in relocating 500 jobs overseas. The company said Congress had opposed the government-run U.S. Export Import Bank, a body that provided loans or guarantees to American companies that sold expensive goods such as jets and mechanical parts. Stocks rallied earlier in the day and held onto highs through to the close Tuesday after weaker U.S. data supported the case for a delayed rate hike. The Federal Reserve is set to announce whether it will move off of crises-level rates on Thursday afternoon. Twitter (TWTR) ended the day higher despite reports its search for a permanent CEO could take as long as two more months. The company has been without a CEO since June with co-founder Jack Dorsey temporarily assuming the position.



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