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Consumer confidence drops to 12-year low

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Consumer confidence dips to lowest level since 2014 Consumer confidence dipped in September to its lowest level in a dozen years, the Conference Board reported Tuesday. © Nam Y. Huh, Associated Press The board’s Consumer Confidence…

Consumer confidence drops to lowest level in more than a decade

Consumer confidence dipped in September to its lowest level in a dozen years, the Conference Board reported Tuesday. The board’s consumer confidence index fell to 81.9 last month, down 6.7 points from August. That marked the lowest point for the metric since 2014, when consumer sentiment was rebounding from a low point of less than…

GAO reasserts pocket rescissions’ illegality after Trump uses tactic to cancel nearly $1B

The U.S. Government Accountability Office (GAO) reasserted Tuesday that President Trump’s use of a “pocket rescission” to cancel $810 million in federal funding was unlawful. The letter by the government watchdog’s lead attorney, Edda Emmanuelli Perez, outlined under the Impoundment Control Act (ICA) of 1974, “the rescission proposals contained in the President’s September 25, 2026,…

Sunday, October 18, 2026

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