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Holiday Spending Concerns
CEDAR RAPIDS (CBS 2/FOX 28) --
Holiday spending is expected to go up this year.
Experts say Americans will likely spend more than $600 billion in November and December alone.
That's four percent higher than last year.
The only downside is that number could change if the government shutdown doesn't end soon.
Officials say they've already seen reductions from the sequester, slow economic growth, and other layoffs.
If the shutdown ends and the debt ceiling is raised, though, retail groups believe stores will fill up this winter.