US consumer spending falls in December

US consumer spending fell in December in the midst of the key year-end holiday shopping season, while incomes grew, Commerce Department data released Monday showed. Consumer spending, which accounts for about 70 percent of the economy's activity, fell 0.3 percent from November, the first decline of the year. Personal income, as well as disposable personal income, rose 0.3 percent for the second straight month in December. For all of 2014, consumer spending grew 3.9 percent, picking up from