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Consumer confidence posts sharp drop

Consumer confidence posts sharp drop
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Friday, October 11, 2013 - 7:55am

The partial government shutdown and battle over the debt ceiling has Americans concerned. Consumer confidence posted its sharpest one-week drop since the collapse of Lehman brothers.

About three times as many people say the economy is in poor shape as those who say it's doing well.  69-percent of Americans think the economy is likely to get worse, according to a Gallup poll.
One-third of the people in the Gallup survey said that a dysfunctional government is the nation's biggest problem.

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