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 - Federal Reserve officials strongly suggested they won't be inclined to cut interest rates further even as they sharply downgraded their forecast for economic growth this year, citing damage from a housing slump, credit crunch and galloping energy prices.

AP - The beige 2003 Honda Civic sat on Mike Haile's used car lot in Atlanta for only three days before he sold it for $8,200. And that was $300 more than the asking price.

AP - The Federal Reserve on Wednesday sharply lowered its projection for economic growth this year, citing blows from the housing and credit debacles along with zooming energy prices. It also expects higher unemployment and inflation.

Reuters - Producer prices excluding energy and food rose at the fastest pace since 1991 in the year through April, highlighting inflation concerns that could limit the Federal Reserve's options in shoring up a weak economy.

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.