AOL.com Video - U.S. Markets End Flat as Fed Warns of Looming 'Fiscal Cliff'

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U.S. Markets End Flat as Fed Warns of Looming 'Fiscal Cliff'

Description:U.S. stocks ended nearly flat on Wednesday (December 12), giving up most of the day's gains after Fed Chairman Ben Bernanke reiterated that monetary policy won't be enough to offset damage from the "fiscal cliff." His comments followed the Federal Reserve's announcement of a new stimulus plan, which briefly pushed the S&P 500 to a seven-week high. The plan, the latest attempt to boost the country's struggling economy, will replace a more modest program set to expire with a fresh round of Treasur (1:21)

Source: IBTimesTV

Tags: ibtimestv , cliff , end , fed