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Premarket: RIM down more than 10%, stocks set to drop Add to ...

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North American stock markets are in store for a nasty open this morning, after U.S. stock index futures plunged suddenly Thursday night on news that House Republican leaders abruptly canceled their so-called Plan B vote.

The action has thrown the "fiscal cliff" negotiations further into turmoil and has the clock ticking down ever more ominously for an agreement to be reached by the end of this year. House members and senators now won't vote on budget issues until after Christmas, giving them just a few days to come to a deal before the toxic combination of tax cuts and spending increases takes hold Jan. 1.

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