Obama win has U.S. investors staring at fiscal cliff


NEW YORK (Reuters) - U.S. investors hit trading floors Wednesday morning with the same president and the same problems in gridlocked Washington, and expected the same solution as always to a looming budget crisis that threatens the economy: punt and deal with it later.

President Barack Obama beat back Republican challenger Mitt Romney to win a second term, but he will still have to contend with a Republican-controlled House of Representatives that could make it hard to forge compromise on pressing issues.

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