10-year U.S. Treasury note

Stocks Sink After Republicans Cancel Budget Vote

Stocks fell sharply after House Republicans called off a vote on tax rates and left federal budget talks in disarray 10 days before sweeping tax increases and government spending cuts take effect.

Fed Officials Weighed Need to Help Economy Further

Federal Reserve officials spoke with increased urgency at their last meeting about the need to provide more help for a weak U.S. economy. Many members felt further support would be needed "fairly soon" unless the economy improved significantly, the minutes of the July 31-Aug. 1 meeting show.