U.S. Stocks Fall

By: AP
By: AP

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.


KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 225517452 - kbtx.com/a?a=225517452
Gray Television, Inc.