Topic - Joseph Lavorgna

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  • In this Aug. 9, 2011, photo, Gary Hartwig of Gretna, Neb., fuels his car at a Costco gas station in Omaha, Neb. Consumers spent more on autos, furniture and gasoline in July, pushing up retail sales by the largest amount in four months. The gain could signal that Americans are a little more confident and help dispell fears that the country is in danger of toppling into another recession. (AP Photo/Nati Harnik)

    Shoppers lift economy but will they keep spending?

    The economy might not be on the brink of another recession after all. Consumers, who drive most economic growth, spent more on cars, furniture, electronics and other goods in July — and more in May and June than previously thought. That burst of activity is encouraging because it shows many Americans were willing to spend despite high unemployment, scant pay raises, steep gas prices and diminished wealth.

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