US stock futures, global markets slide as obstacles to US budget deal begin to appear

The Associated Press

NEW YORK, N.Y. - U.S. stock futures are heading lower along with overseas markets as obstacles begin to appear for a compromise on the country's budget.

Dow Jones industrial futures are down 34 points to 12,828. The broader S&P futures have slid 4.9 points to 1,392.50. Nasdaq futures are down 7.5 points to 2,633.50.

The fight in Congress over cutting the country's massive debt includes talks over whether welfare programs like Medicaid and Medicare should be included. Taxes are another sensitive issue.

In early European trading, Britain's FTSE 100 fell 0.3 per cent to 5,785.40 while Germany's DAX lost 0.2 per cent to 7,320.92. France's CAC-40 fell 0.3 per cent to 3,491.36.