October 30, 2009 at 10:38 AM EDT
Consumer Spending Fell In Sept. After Clunkers Ended
Consumer spending plunged in September by the largest amount in nine months, the government said Friday, reflecting the end of the Cash for Clunkers auto sales program. Incomes, the fuel for future spending, were flat. While the government reported Thursday that the overall economy grew in the July-September period, signaling the end of the worst recession in seven decades, the weakness in
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