Consumer Spending in U.S. Drops; Incomes Unchanged

Consumer Spending in U.S. Drops; Incomes Unchanged Play

May 31 (Bloomberg) -- Consumer spending in the U.S. unexpectedly declined in April as incomes stagnated. Household purchases dropped 0.2 percent, a Commerce Department report showed today in Washington. Incomes were unchanged and prices dropped by the most in more than four years. Betty Liu and Michael McKee report on Bloomberg Television's "In the Loop." (Source: Bloomberg)

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