AP - Wholesale inflation slowed in April following a big jump in March but the improvement is likely to be temporary as consumers are battered in coming months by price hikes for gasoline, food and a host of other items.

Reuters - The U.S. economy continues to slow and risks are to the downside, but a $152 billion stimulus package that includes tax rebates should provide support and lead to more jobs, Deputy Treasury Secretary Robert Kimmitt said on Wednesday.

AP - First the good news: The worst of the painful housing slump and the credit crunch might come to an end this year. Now the bad: The economy will weaken further and unemployment will rise.

Reuters - President George W. Bush said on Monday the U.S. economy was working through "tough times," and credited Congress with making some progress on a new law aimed at helping the troubled housing market.

AP - More gas and oil records fell Monday as retail fuel prices struck new highs and crude settled above $127 for the first time, tightening the squeeze on drivers planning holiday road trips next weekend.

Reuters - Stock markets are up sharply since March. The recent batch of economic data has not looked as dire as feared. The U.S. Federal Reserve is finding fewer takers for its loan auctions. A fine-art sale drew a record $86 million price for a Francis Bacon painting.

Reuters - Martin Feldstein, President of the National Bureau of Economic Research, said in a newspaper interview published on Monday he had seen a clear reversal in U.S. monthly economic indicators since December or January.

AP - First the good news: The worst of the painful housing slump and the credit crunch might come to an end this year. Now the bad: The economy will weaken further and unemployment will rise.