U.S. Department of Commerce

August showed Increase in Personal Spending and Income

After a weak July the U.S. consumer spending and personal income picked up pace in August while inflation remained flat, the Commerce Department reported Monday.

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From Seoul to Mexico City, pressure mounts to ease U.S. oil export ban

Washington is facing growing international pressure to ease its long standing ban on crude oil exports, with South Korea and Mexico joining the European Union in pressing the case for U.S. oil shipments overseas.

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