English 中文網 漫畫網 愛新聞iNews 翻譯論壇
    中國網站品牌欄目(頻道)
    當前位置: Language Tips > Normal Speed News VOA常速

    Consumer spending will decline unless Congress averts fiscal cliff

    [ 2012-11-28 09:52] 來源:中國日報網     字號 [] [] []  
    免費訂閱30天China Daily雙語新聞手機報:移動用戶編輯短信CD至106580009009

    Get Flash Player

    Download

    It was a blockbuster weekend for retailers, as Americans took advantage of big discounts to ring in the holiday shopping season. But you wouldn't know it from the reaction on Wall Street. Financial markets were sharply lower Monday after White House economists warned that consumers could put the brakes on spending if Congress allows the country to fall off a so-called "fiscal cliff."

    A new poll shows a whopping 247 million shoppers visited stores and websites over the Thanksgiving weekend.

    Black Friday - the unofficial start to the holiday shopping season - easily exceeded expectations, living up to its name as the day retailers finally get out of the red and start making a profit.

    The National Retail Federation says holiday shoppers spent about $423 per person, pushing the haul for the 4-day shopping weekend to nearly $60 billion - up nearly 13 percent for the same time last year.

    Retail analyst Marshal Cohen calls it a good start.

    "Black Friday ,good or bad, isn't the indication of how retail will fare for the whole year, but it is a good sign that the consumer has shown up," said Cohen.

    Consumer spending is critical to the U.S. economy, accounting for about 70 percent of total economic activity.

    But Monday, the White House warned that failure by Congress to reach a budget deal by the end of the year could put a serious crimp on consumer spending.

    Key indexes on the New York Stock Exchange fell sharply.

    Ryan Alexander at Taxpayers for Common Sense explains. "The markets are jittery because they don't see a way forward. The economy is fragile because we're still in a recovery period and it's time for the President and the speaker and all of Congress to kind of step up, make some difficult choices and step back from the cliff," said Alexander.

    Without a deal, the non-partisan Congressional Budget Office says the combination of automatic year-end tax increases and spending cuts which constitute the fiscal cliff - could nudge the U.S. economy back into recession.

    Budget expert and former Republican Congressman Bill Frenzel says time is running out.

    "The president's going to have to give a little, the Senate's going to have to give a little, the House is going to have to give a little bit more. And I believe that because the consequences are so bad, they are going to come to agreement," said Franzel.

    The White House says failure by Congress to reach a budget deal could reduce consumer spending by nearly $200 billion next year and cut economic growth by 1.5 percent.

    相關閱讀

    US shoppers flock to stores searching for bargains

    Kyoto Protocol winds down as delegates head to Doha

    New study could change treatment for asthma

    UN chief warns of perils ahead of climate change conference(視頻)

    (來源:VOA 編輯:Julie)

     
    中國日報網英語點津版權說明:凡注明來源為“中國日報網英語點津:XXX(署名)”的原創作品,除與中國日報網簽署英語點津內容授權協議的網站外,其他任何網站或單位未經允許不得非法盜鏈、轉載和使用,違者必究。如需使用,請與010-84883631聯系;凡本網注明“來源:XXX(非英語點津)”的作品,均轉載自其它媒體,目的在于傳播更多信息,其他媒體如需轉載,請與稿件來源方聯系,如產生任何問題與本網無關;本網所發布的歌曲、電影片段,版權歸原作者所有,僅供學習與研究,如果侵權,請提供版權證明,以便盡快刪除。
     

    關注和訂閱

    人氣排行

    翻譯服務

    中國日報網翻譯工作室

    我們提供:媒體、文化、財經法律等專業領域的中英互譯服務
    電話:010-84883468
    郵件:translate@chinadaily.com.cn
     
     
    日本三级在线中文字幕在线|中文| 中文字幕久久亚洲一区| 免费A级毛片无码A∨免费| 亚洲熟妇无码八V在线播放| 中文有码vs无码人妻| 暖暖免费在线中文日本| 久久亚洲AV永久无码精品| 无码一区二区三区在线观看 | а√天堂中文官网8| 日韩乱码人妻无码中文字幕| 无码av免费毛片一区二区| 中文字幕无码精品三级在线电影| 国产成人无码一区二区在线播放| 中文字幕乱码免费看电影| 制服丝袜中文字幕在线| 四虎成人精品国产永久免费无码| 无码少妇一区二区三区 | 痴汉中文字幕视频一区| 毛片免费全部无码播放| 日韩人妻无码精品久久久不卡| 亚洲中文字幕无码一久久区| 亚洲中文字幕无码专区| 久久男人中文字幕资源站| 中文字幕久久欲求不满| 在线中文字幕视频| 日本精品久久久久中文字幕8| 亚洲中文字幕久久精品无码APP| 国产精品 中文字幕 亚洲 欧美| 无码任你躁久久久久久久| 久久无码人妻精品一区二区三区 | 亚洲综合最新无码专区| 国产精品一级毛片无码视频| 国产精品无码免费专区午夜| 精品人体无码一区二区三区| h无码动漫在线观看| 性无码专区| 五月天中文字幕mv在线| 中文在线√天堂| 色婷婷久久综合中文久久一本| 中文字幕无码不卡在线| 国产成人A亚洲精V品无码|