Summary
WASHINGTON (AP) - Consumer spending is threatening to stall out while consumer confidence, battered by soaring energy costs and falling home prices, has taken a steep nosedive.
Analysts said the two new reports Friday were just the latest danger signals that the country was edging perilously close to a recession.See the full content of this document
Extract
Consumer Spending Stalls
The Commerce Department reported that spending posted a 0.4 percent rise in January, better than economists had ...
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