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.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to email@example.com. Please provide detailed information.