Colorado Politics

Consumer confidence slides as Americans grow wary of high costs and sluggish job gains

WASHINGTON (AP) — U.S. consumers were much less confident in the economy in November in the aftermath of the government shutdown and amid weak hiring and stubborn inflation.

The Conference Board said Tuesday that its consumer confidence index dropped to 88.7 in November from an upwardly revised October reading of 95.5, the second-lowest reading since April, when President Donald Trump announced sweeping tariffs that caused the stock market to plunge.

The figures suggest that Americans are increasingly wary of high costs and sluggish job gains, with perceptions of the labor market worsening, the survey found. Declining confidence could pose political problems for Trump and Republicans in Congress, as the dimmer views of the economy were seen among all political affiliations and were particularly sharp among independents, the Conference Board said.

Earlier Tuesday, a government report showed that retail sales slowed in September after healthy readings over the summer. While economists forecast healthy growth for the July-September quarter, many expect a much weaker showing in the final three months of the year, largely because of the shutdown.

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Russian attacks kill at least 7 in Ukraine as talks on US peace plan continue

KYIV, Ukraine (AP) — Russia launched a wave of attacks on Ukraine’s capital, Kyiv, overnight, with at least seven people killed in strikes that hit city buildings and energy infrastructure. A Ukrainian attack on southern Russia killed three people and damaged homes, authorities said. The attacks came during a renewed U.S. push to end the […]

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Will pilot program ease Colorado developers' funding application pain?

When a developer wants to build affordable rental housing, plenty of tax credits and funding sources are available from a myriad of nonprofits, private companies and government agencies. Developers often cobble together financing from multiple sources, as well as add in “gap” funding that covers the difference between the project’s cost and all other financing. […]


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