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Hassett’s Claim That Americans Are ‘Spending More on Everything’ Draws Widespread Criticism

The exchange highlights a split between White House reliance on private credit‑card and GDP data and independent surveys that report record‑low consumer mood.

Consumer Gloom Deepens Even as Retailers Log Record Holiday Traffic

Singles’ Day Nears 1.7 Trillion Yuan as Growth Cools in China’s Spending Squeeze