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Originally published September 30, 2013 at 2:56 PM | Page modified September 30, 2013 at 3:04 PM

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Stocks end lower as U.S. nears shutdown

Stocks are closing lower as Wall Street braces for a government shutdown.

The Associated Press

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The Democrats in the senate need to vote yes and stop getting in the way of progress. MORE

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NEW YORK —

Stocks are closing lower as Wall Street braces for a government shutdown.

Investors pulled back from stocks Monday as a budget fight in Congress threatened to push the federal government into a partial shutdown for the first time in 17 years. Lawmakers have until midnight Tuesday to reach a budget deal that would keep government in full operation

The Dow Jones industrial average fell 128 points to close at 15,129. The Standard & Poor's 500 index lost 10 points to 1,681. The Nasdaq fell 10 points to 3,771.

There was little evidence that the Democratic-controlled Senate and Republican-led House of Representatives were any closer to a budget agreement Monday afternoon, hours before the deadline.

The dispute is poised to continue into mid-October as legislators debate raising the nation's borrowing limit.

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