U.S. consumer confidence fell sharply - from 71.5 to 65.1 - in December as Americans worried that political bickering in Washington could slow the economy and raise unemployment.

Lynn Franco of the Conference Board says previous wrangling over the debt ceiling in August 2011 sparked a similar drop in expectations.

Economists watch consumer confidence for hints about the consumer spending that drives most U.S. economic activity.

Other reports Thursday were more optimistic.  The number … [Read More]

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Source: VOA News: War and Conflict