Foreign shoppers could add $860 billion to U.S. economy

Filed under: AM Roundup |

President Barack Obama wants to speed up tourist visas for shoppers from China and Brazil – and its a move many retailers are in favor of, reports Bloomberg.

Doing so would produce an immediate boost in sales, analysts say.

Obama signed an executive order earlier this month with orders that the Department of Homeland Security should examine ways to approve visas more quickly. The department has 60 days to come up with a plan.

Read more at Bloomberg.