Romney Obama trade jobs in high stakes campaign clash
In Cincinnati and Baton Rouge, Mitt Romney accuses Barack Obama of cronyism and sending federal contracts to contributors as he hints at a possible vice presidential pick. Obama counters that Romney’s foreign holdings plan ships jobs overseas, while Romney notes Bain Capital scrutiny and seeks to shift focus to jobs.
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U.S. retail demand weakens economy in June
Americans cut spending for a third straight month in June with a 0.5 percent drop across autos, furniture, appliances, building and department stores. The Commerce Department said June sales fell, prompting downgrades to growth outlooks and raising odds of further Fed easing as unemployment stays high.
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