A report by a congressional commission says the U.S. has lost tens of billions of dollars during the wars in Iraq and Afghanistan because of waste and fraud in government contracts. The panel offered 15 recommendations to tackle the contracting mess. But one suggested fix — hire more government workers — might not be too popular right now.
When it comes to the economy, there's lots to worry about: Jobs, home prices, debt. And all those concerns seemed to have come together in the latest snapshot of consumer confidence — it plunged to its lowest level in two years.
The concern is that a country full of increasingly pessimistic consumers will stop spending and undermine the recovery.
But the relationship between consumer confidence and spending habits isn't at all straightforward.