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US Holiday Spending is at 5 Year Low, Reports Washington Post

Although there is a surge in holiday spending over the weekend but the growth could be the lowest in last five years. Washington Post further reports that according to the National Retail Federation in Washington high Gasoline price ( at $3 a gallon) and rising food prices have discouraged shoppers from spending during November and December, which account for 20 percent of retailers' annual revenue. Read more
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