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    U.S. Economy Headlines
    Paulson says will work to improve housing bill (Reuters)

    Secretary of the Treasury Henry Paulson speaks at a news conference after a meeting of the G-7 finance ministers during the World Bank/IMF 2008 Spring Meetings in Washington April 11, 2008. Joshua Roberts/REUTERS (Reuters)Reuters - U.S. Treasury Secretary Henry Paulson said on Friday he has some problems with the housing rescue plan under consideration in the U.S. Senate, but will work to craft a bill that President George W. Bush can sign.


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    Fri, 30 May 2008 18:04:08 GMT - Yahoo! News: Economy News
    Incomes and spending both slow in April (AP)

    A man shops for clothing inside a store in Chicago, 2004. US consumer spending and incomes both rose 0.2 percent in April, data showed, suggesting sluggish growth in the world's biggest economy is continuing.(AFP/Getty Images/File/Tim Boyle)AP - The first round of economic stimulus checks gave a boost to personal incomes in April but a huge question remains: Will people spend the checks quickly enough to keep the economy afloat?


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    Fri, 30 May 2008 18:18:35 GMT - Yahoo! News: Economy News
    Bear's top economists won't join JPMorgan: source (Reuters)
    Reuters - Bear Stearns' two top economists David Malpass and John Ryding will not join J.P. Morgan, which is in the process of acquiring Bear, a source familiar with the situation said on Friday. -- read full article
    Fri, 30 May 2008 18:21:55 GMT - Yahoo! News: Economy News
    US economic growth revised higher to 0.9 pct pace (AFP)

    Construction workers in New York City. US economic momentum posted a 0.9 percent annual growth pace in the first quarter of the year, the government said in a report which calmed the nerves of some economists.(AFP/Getty Images/File/Stephen Chernin)AFP - The US economy grew at an annual 0.9 percent pace in the first quarter of the year, the government said Thursday in an upward revision that calmed the nerves of some economists.


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    Thu, 29 May 2008 20:37:53 GMT - Yahoo! News: Economy News
    Oil falls $4, shrugs off U.S. supply drop (Reuters)

    An employee places back a gas nozzle after filling up a tank at a petrol station in Manila May 24, 2008. (Cheryl Ravelo/Reuters)Reuters - Oil prices dropped $4 on Thursday as concerns about global energy demand and strength in the dollar countered a government report showing the biggest decline in U.S. stockpiles since 2004.


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    Thu, 29 May 2008 21:01:06 GMT - Yahoo! News: Economy News
    Oil tumbles on supply report, dollar concerns (AP)

    French Economy Minister Christine Lagarde, seen here on May 18, has written her counterparts in the top industrial powers urging the Group of Eight countries to call on oil producers to hike production, her office said Thursday.(AFP/File/Stephane de Sakutin)AP - Oil prices fell sharply Thursday after the Energy Department reported unexpected declines in crude oil supplies last week but said the drop was due to temporary delays in unloading oil tankers along the Gulf Coast.


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    Thu, 29 May 2008 19:55:06 GMT - Yahoo! News: Economy News
    Stocks rise on oil's retreat, GDP revision (Reuters)

    Traders work on the floor at the New York Stock Exchange after the announcement that the Federal Reserve cut interest rates April 30, 2008. (Brendan McDermid/Reuters)Reuters - Wall Street stocks rose on Thursday as a swift drop in oil soothed inflation fears, while an upward revision in a broad measure of U.S. economic growth suggested a recession may be avoided.


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    Thu, 29 May 2008 20:28:29 GMT - Yahoo! News: Economy News
    Bond prices fall following upward revision to GDP (AP)
    AP - Treasury prices mostly fell Thursday after the government said the economy grew at a faster pace than previously estimated last quarter, quelling some investors concerns of a broad slowdown. -- read full article
    Thu, 29 May 2008 21:27:04 GMT - Yahoo! News: Economy News
    Stocks jump after decline in oil, GDP revision (AP)

    Traders work on the floor at the New York Stock Exchange after the announcement that the Federal Reserve cut interest rates April 30, 2008. (Brendan McDermid/Reuters)AP - Stocks rose for the third straight session Thursday as oil prices fell sharply and the government reported that the economy grew last quarter at a faster pace than previously estimated.


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    Thu, 29 May 2008 21:37:51 GMT - Yahoo! News: Economy News
    US logs better but still weak growth (AP)
    AP - The economy logged slightly better — but weak — growth in the first quarter, spurred by improved sales of U.S. products overseas. While that's heartening, the country's economy is still far from being out of the woods. -- read full article
    Thu, 29 May 2008 22:10:08 GMT - Yahoo! News: Economy News
    GDP growth revised higher, jobless claims up (Reuters)

    Ironworkers guide a steel beam into place on a construction site in New York May 29, 2008. (Gary Hershorn/Reuters)Reuters - WASHINGTON (Reuters)- The U.S. economy grew a bit faster than first thought in the first quarter as demand for foreign goods fell and commercial building picked up, adding to evidence that the United States may stave off recession.


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    Thu, 29 May 2008 22:38:44 GMT - Yahoo! News: Economy News
    Gas prices keep climbing even as oil prices drop (AP)

    Justin Vargas fuels up his truck which he uses for his work in carpentry and construction at a gas station in Half Moon Bay, Calif., Tuesday, May 27, 2008. Vargas fuels up his truck mostly with bio-diesel to save on expenses. He then tops off the tank with diesel.  (AP Photo/Marcio Jose Sanchez)AP - The gasoline price record keeps getting broken with each passing day. AAA puts the national average for a gallon of regular at a record $3.95. It's jumped 35 cents in the past month and is 76-cents-a-gallon higher than a year ago.


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    Thu, 29 May 2008 11:57:56 GMT - Yahoo! News: Economy News
    Jobless claims up; continued claims at 4-year high (Reuters)

    Visitors search for job possibilities on the internet at Workforce Central Florida in Casselberry, Florida July 3, 2003. (Joe Skipper/Reuters)Reuters - The number of U.S. workers filing new claims for jobless benefits rose slightly more than expected last week, while the tally of those remaining on the benefit rolls hit its highest mark in more than four years, the government said on Thursday.


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    Thu, 29 May 2008 12:47:57 GMT - Yahoo! News: Economy News
    New jobless claims filings rise (AP)
    AP - The number of new people signing up for unemployment benefits increased last week. It was the latest sign of softness in employment conditions. -- read full article
    Thu, 29 May 2008 12:54:07 GMT - Yahoo! News: Economy News
    More Americans alter commuting plans: survey (Reuters)

    Traffic sits at a stand still on Lexington Avenue during the morning commute in New York, December 21, 2005. (Brendan McDermid/Reuters)Reuters - Gasoline prices around $4 per gallon are causing more Americans to change their work arrangements or the way they commute to the office, according to a new survey on Thursday.


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    Thu, 29 May 2008 14:32:53 GMT - Yahoo! News: Economy News
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