U.S. Stocks Fall

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NEW YORK The stock market slipped in early trading with the path to a U.S. budget resolution growing more convoluted by the day.

A budget fight on Capitol Hill overshadowed a government report showing that income for Americans grew at its fastest pace in six months.

The Commerce Department says consumer spending rose 0.3 percent in August. That's up from a 0.2 percent gain in July.

Income rose 0.4 percent in August, the best gain since February and up from a 0.2 percent July increase. Private wages and salaries rose $28.5 billion, while government's increased $2 billion. Forced federal furloughs reduced government wages and salaries by $7.3 billion.




 
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