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January 1, 2024spending News Updates
States Spend Federal COVID Aid on Roads, Buildings, Seawalls
Funds from President Biden's American Rescue Plan Act — which provided flexible aid to states and local governments for COVID relief — are being used for infrastructure and public works projects across the country.
September 29, 2022Americans Spent Less in July as COVID-19 Cases Surged
NEW YORK — Americans cut back on their spending in July as a surge in COVID-19 cases kept people away from stores.
August 17, 2021Business-Spending Slowdown Casts Shadow on Solid GDP Report
Consumers drove the U.S. economy to better-than-expected growth in the third quarter, but a steep slowdown in business spending raised concerns about whether the strength in the expansion is sustainable.
October 26, 2018Trump Signs Spending Plan, Avoids Government Shutdown
WASHINGTON — President Donald Trump signed an $854 billion spending bill Sept. 28 to keep the federal government open through Dec. 7, averting a government shutdown in the weeks leading up to November’s pivotal midterm elections.
September 28, 2018Consumer Spending Climbs by Most in Three Months
Consumer purchases climbed in September by the most in three months as incomes grew, signaling momentum in the biggest part of the U.S. economy.
October 31, 2016Consumer Spending Rose 0.4% for a Second Month in June
Consumer purchases climbed a bit more than anticipated in June, exceeding a gain in incomes that prompted American households to tap into savings.
August 2, 2016Consumer Spending Rises in May, Income Growth Cools
Consumer purchases moderated last month after the biggest advance since August 2009, as American households realigned outlays with slower income growth.
June 29, 2016Retail Sales Rise Most in a Year, Marking US Consumer Comeback
Sales at retailers jumped in April by the most in a year, indicating consumer spending will help the U.S. economy recover from a slowdown earlier this year.
May 13, 2016Spending Rises Less Than Forecast as Americans Boost Savings
Consumer spending rose less than forecast in March, wrapping up the weakest quarter in a year for the biggest part of the U.S. economy even as incomes accelerated.
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