Consumers could scale back holiday spending as fiscal cliff looms

11/16/2012 | Forbes

Consumers could scale back holiday spending if they perceive Washington will be unable to negotiate an agreement over the fiscal cliff. A poll from the International Council of Shopping Centers finds that 71% of Americans are following the news of the fiscal cliff. "There could be dire consequence for holiday spending" if Congress doesn’t come to an agreement, says Michael Niemira, an economist with ICSC.

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