The storm is likely to weigh on growth early in the quarter. And consumers and businesses may hold back on spending because they fear lawmakers and Obama won't reach a deal to avoid the "fiscal cliff." That's the name for sharp tax increases and spending cuts that would occur in January without a deal.Job growth did increase in October with employers adding 171,000 jobs and the government boosting its estimates for hiring in August and September.
Ahead Of The Bell: US Consumer Spending
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