Shoes rise as top gift seen on Christmas tree
New York shoppers embrace footwear as a practical holiday gift. Consumers like Laranda Williams of Clarksville Tennessee buy Vans Nike and stilettos for family members amid an economic downturn. Market analysts note shoes ranked high on Black Friday gifting lists with rising cross training and basketball shoe sales.
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Associated Press
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Lawmakers see fiscal cliff deal as elusive
Washington lawmakers grow skeptical about a year end agreement as the country nears the fiscal cliff. Senators Lieberman Hutchison and Klobuchar warn a patch may be the likely fix while Boehner’s failed plan foreshadows broader tax increases and deep spending cuts. The White House and Congress pause for holidays before resuming work.
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D-Minn
House
Muted mood of last holiday weekend hits shoppers
Last minute buyers crowded malls ahead of Christmas yet many felt no festive spending spirit. Superstorm Sandy and the looming fiscal cliff dampened confidence and holiday plans, with retailers fearing weak sales despite a strong Black Friday.
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Mid-Atlantic
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White House
U.S
Newtown
Marshal Cohen
NPD Inc
ShopperTrak
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