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Beef recall announced over E. coli fears
WASHINGTON, April 30 (UPI) -- Consumer spending rose 0.3 percent in March, down from February's 0.8 percent, the U.S. Commerce Department said Monday.
Spending was up by $29.6 billion in March.
Personal incomes rose by $50.3 billion or 0.4 percent. Disposable incomes rose by 0.4 percent, $42.5 billion, the agency said.
Personal savings as a percentage of disposable income rose from 3.7 percent in February to 3.8 percent in March. Both are sharply lower than the 4.3 percent savings rate in January.
Core prices, which exclude food and energy items, rose 0.2 percent after increasing 0.1 percent in February.
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| Additional Business News Stories | |
ISLAMABAD, June 19 (UPI) --
Pakistan said it would brief the International Monetary Fund on plans to address the energy crisis as part of a financial bailout package.
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SAO JOSE DOS CAMPOS, Brazil, June 19 (UPI) --
Brazilian aircraft maker Embraer hopes to continue building up its sales of private jets at the same time as it expands capacity in defense, security and tactical transport.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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