Fears of ‘fis­cal cliff’ weigh on con­sumers

Austin American-Statesman - - FRONT PAGE - Home­sales:

Fears of sharp tax in­creases and government spend­ing cuts set to take ef­fect next week sent con­sumer con­fi­dence tum­bling in De­cem­ber to its low­est level since Au­gust.

Amer­i­cans bought new homes last month at the fastest pace in more than two and a half years, fur­ther ev­i­dence of a sus­tained hous­ing re­cov­ery.

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