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Consumer spending declined in April

Name: Consumer spending declined in April
Uploaded: 2014-05-30T11:53:03-0400
Duration: 1 min 21 s
Description: The Commerce Department says consumer spending slipped 0.1 percent in April. It's the first drop in a year, and comes after a big increase in spending during the month of March. Economists expect a strong rebound in the next few months. Jill Wagner has that story and more MoneyWatch headlines.

The Commerce Department says consumer spending slipped 0.1 percent in April. It's the first drop in a year, and comes after a big increase in spending during the month of March. Economists expect a strong rebound in the next few months. Jill Wagner has that story and more MoneyWatch headlines.