Wall Street sees best day in 2 months (2)

Monday's rally came after President Barack Obama met with congressional leaders last Friday, the first time since the 2012 U. S. presidential election, to discuss the "fiscal cliff" issue.

After the meeting, congressional leaders expressed their confidence in reaching a debt deal to avert the possible fiscal disaster -- a combination of automatic spending cuts and spikes in tax rates that could drag the U.S. economy into a severe recession.

Meanwhile, a report said that Greece may receive the next payment of its bailout fund on Dec. 5 after European policymakers met in Paris on Monday to forge a common position on the issue.

And European finance ministers will meet on Tuesday to further discuss the disbursement of the 44-billion-euro (about 56 billion U.S. dollars) bailout fund for Greece.

We recommend:
A Decade of Fastest Development	Eastern Boom Lightens Western Gloom	Chinese firms 'potential Trojan horses'? slows
AVIC unveils new aircraft engines	China's MA700 to take flight in 2016	13th Int'l Automobile Industry Exhibition
China Int'l Industry Fair opens in Shanghai	Caofeidian coal wharf put into use	Galaxy Soho building in Beijing