Retailers report modest Sept. sales gains

Published on NewsOK Modified: October 10, 2013 at 6:50 pm •  Published: October 10, 2013
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Shoppers worry that the partial government shutdown, which is on its 10th day and has forced several hundred thousand federal workers off the job, will be prolonged. That, and the possibility that politicians won't resolve their deadlock over the federal debt limit before the U.S. Treasury's borrowing authority is exhausted next week, adds to the concerns.

But hope was rising that the deadlock will be resolved soon. Republican leaders said Thursday they would vote to extend the government's borrowing authority for six weeks. A spokesman for Obama said the president would "likely" sign a bill to increase the nation's ability to borrow money so it can continue paying its bills.

The worries from Washington had compounded challenges retailers have had in trying to get shoppers spending again. The job and housing markets are improving, but that hasn't yet translated into sustained spending increases among most shoppers.

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AP Wall Street reporter Ken Sweet contributed to this report in New York.



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