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.
NEW YORK — Americans cut back on their spending in July as a surge in COVID-19 cases kept people away from stores.
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.
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.
Consumer purchases climbed a bit more than anticipated in June, exceeding a gain in incomes that prompted American households to tap into savings.
Consumer purchases moderated last month after the biggest advance since August 2009, as American households realigned outlays with slower income growth.June 29, 2016
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.
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.
Personal spending barely increased in February, and the prior month’s advance was revised down as Americans saved more of their incomes.