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Click to read - Understanding The Consumer Confidence Index - Since consumer spending is so important to the nation's financial health, the Consumer Confidence Index is one of the most accurate and closely watched economic indicators. The index is based on a survey of five questions posed to 5,000 households, measuring their optimism on the economy's health. The CCI, however, is a lagging indicator, so whatever the survey says, remember that it doesn't tell us what is going to happen, but what has happened and if it can be expected to continue.
Click to read - What a U.S. Debt Default Means for the Nation - Not only does the deeply-divided U.S. Congress need to agree upon a resolution to the partial government shutdown, now on day three, but it’s also butting up against a deadline, that if breached, the Treasury Department calls “catastrophic:” Here’s a look at what even the threat of a debt default could mean for the U.S. economy.
Click to read - New $100 bills start circulating Tuesday - The new $100 bill, with an array of high-tech features designed to thwart counterfeiters, will get its coming out party on Tuesday, partial government shutdown or not. The Federal Reserve, which has not been affected by the shutdown, will have armored trucks rolling from its regional banks around the country headed to banks, savings and loans and other financial institutions with the new C-notes. The bills took more than a decade to develop and the introduction was plagued by production problems that set back the rollout by 2½ years. But officials say the problems have now been fixed.
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