Congress works to spend $1.01T as latest deadline looms

|By:, SA News Editor

Leading members of the House and Senate appropriations committees met yesterday as they sought to reach a deal on how to spend the $1.01T that Congress approved for this fiscal year.

Negotiators are working on final sticking points involving healthcare and military spending, although they only have until January 15 to avoid another government shutdown. There's talk of a short-term measure lasting just days to avoid that scenario.

Any defense cuts could affect government contractors such as Lockheed Martin (LMT), Boeing (BA) and General Dynamics (GD).

Legislators are also discussing whether to include House-proposed limits on EPA regulations that are opposed by the coal (KOL) and agriculture sectors.

Top coal names: BTU, ACI, ANR, CLD, CNX, JRCC, WLT.

This was corrected on 01/08/2014 at 06:03 AM. The coal ETF was incorrectly stated.