- Obama not worried about Ebola at upcoming African summit in D.C.
- Obama: ‘We tortured some folks’ after 9/11
- Obama administration asked whole D.C. Circuit to take on major Obamacare case
- Mark Levin: Topple GOP leadership or country will ‘unravel’
- Massachusetts to let police chief deny gun buys to those deemed unfit
- John Kerry condemns attack on Israeli soldiers, kidnapping
- U.S. starts to evacuate American Ebola patients from West Africa: Report
- Geraldo slammed as ‘dummy’ for backing Clinton’s bin Laden claim
- Israeli spokesman: No need to debate who broke the cease-fire
- 35 Palestinians killed; Israeli officer missing
By Isaac Orr
New carbon-dioxide rules would put America in the dark
Topic - Chris G. Christopher
U.S. consumers are cheering up with Christmas approaching and appear set to put in a solid performance during the critical holiday shopping season.
A report revealing the first decline in consumer spending since the Great Recession shocked Wall Street investors Tuesday and raised fears that the economy could fall into a double-dip recession.
Chris G. Christopher, an economist at IHS Global Insight, agreed that consumers appear to be ready to spend more as long as problems with the weather, rising gas prices and other obstacles don't linger.
"The shock of higher and rising gasoline prices is wearing off on the consumer, and they have bounced back," he said. "Consumer momentum has been building up over the last couple of quarters of 2010, and we expect that to spill over into 2011."