Consumer confidence in economic policies deteriorating

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(Reuters) – Consumer sentiment deteriorated in early July to the lowest level since March 2009 on increasing pessimism over falling income and rising unemployment, a survey released on Friday showed.

Confidence in government economic policies also curdled, the Thomson Reuters/University of Michigan survey showed. U.S. lawmakers are wrangling over a budget deal that would allow the government to raise the debt ceiling — needed so the United States can fund its obligations next month.

Full story: ‘July consumer sentiment worst since March 2009’