
Consumers cut back on spending as income drops
Reuters - Politics
Consumer spending dropped in November for the first time since the recovery from the recession started in May, weighed down by a..
In the United States, the Department of Commerce is an executive department of the federal government concerned with promoting economic growth. Among its tasks are gathering economic and demographic data for business and government decision-making, and helping to set industrial standards. This organization's main purpose is to create jobs, promote economic growth, encourage sustainable development and block harmful trade practices of other nations. The Department of Commerce headquarters is the Herbert C. Hoover Building in Washington, DC. Wilbur Ross is the current Commerce secretary.
Consumer spending dropped in November for the first time since the recovery from the recession started in May, weighed down by a..