Copper Falls Most in a Week on U.S. Economy, Budget Concern

Copper fell the most in more than a week on speculation that budget woes will damp the economy in the U.S., the world’s second-biggest user of the metal.

Republicans in the House of Representatives are considering alternatives to deny funding for President Barack Obama’s health-care law that could extend a debate on spending past a Sept. 30 deadline. American consumer confidence declined in September, a private report showed today. Copper fell 1.4 percent in the previous two sessions after Federal Reserve Bank of St. Louis President James Bullard said policy makers may start paring monetary stimulus next month.