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US consumer confidence plunges on gov’t shutdown



Published: Tue, October 29, 2013 @ 3:12 p.m.

US consumer confidence plunges on gov’t shutdown

WASHINGTON (AP) - Americans’ confidence in the economy fell this month to the lowest level since April, as many worried about the impact of a 16-day partial government shutdown. The decline could weigh on spending and economic growth. The Conference Board said today that its index of consumer confidence dropped to 71.2 in October, down from 80.2 the previous month. September’s figure was slightly higher than initially reported.


Comments

1dontbeafool(820 comments)posted 8 months, 2 weeks ago

Repubs are so hypocritical. They always preach about being fiscally responsible and spending, but will do something like shut down the government and/or let the country default, causing billions of dollars, if not more, of damage to the economy. And on top of shutting down the government, they gave back pay to the gov workers who they made stay home. All this on a plan that they knew had no chance of succeeding. Smart strategery.

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