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Consumers’ spirits sink in December; fears of ‘cliff’ cited

Posted: December 28, 2012 at 1:44 a.m.

An H&M store in Atlanta drew shoppers earlier this month, but consumers’ conÿdence tumbled in December, driven lower by fears of sharp tax increases and government spending cuts set to take effect next week.

U.S. consumer confidence tumbled in December, seen to be driven lower by fears of sharp tax increases and government spending cuts set to take effect next week.

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Front Section, Pages 1 on 12/28/2012

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