U.S. Consumer Spending Climbs as Taxes Hurt Incomes

March 1 (Bloomberg) -- U.S. household purchases, which account for about 70 percent of the economy, climbed 0.2 percent in January after a 0.1 percent gain the prior month, a Commerce Department report showed today in Washington. Incomes slumped 3.6 percent, sending the saving rate down to the lowest level since November 2007. Betty Liu and Michael McKee report on Bloomberg Television's "In the Loop." (Source: Bloomberg)
Obama: Commitment to Israel's Security Is 'Unshakeable'
43:47 - President Barack Obama speaks about U.S. relations with Israel and negotiations with Iran over its nuclear program. Obama speaks at Adas Israel, one of Washington's oldest and biggest synagogues, in an address timed to a celebration of Jewish-American Heritage Month. (Source: Bloomberg)
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