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    U.S. Economy Headlines
    Drivers putting less gas in tank, then running out (AP)

    A motorist reaches for the gas pump at a gasl station in Manassas, Virginia. Americans are becoming increasingly worried about the struggling US economy as home sales remain stuck in a rut and as red hot oil prices stoke inflation fears, a flurry of reports showed Tuesday.(AFP/File/Karen Bleier)AP - Brent Saba had just dropped a church group off at Philadelphia International Airport on Sunday morning and was heading north on Interstate 95 when it happened: His 15-passenger van ran out of gas.


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    Sun, 01 Jun 2008 23:11:58 GMT - Yahoo! News: Economy News
    Ending dollar peg won't solve Gulf inflation: Paulson (Reuters)

    U.S. Treasury Secretary Henry Paulson speaks during a news conference in Jeddah May 31, 2008. Paulson said on Saturday the dollar peg for currencies in the Gulf Arab countries had served the region well and any changes to the peg would be a sovereign matter. (Suzan Baaghil/Reuters)Reuters - Treasury Secretary Henry Paulson said on Sunday leaders of Gulf oil producing states had told him that abandoning their currency pegs to the dollar will not solve their inflation problems.


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    Sun, 01 Jun 2008 15:18:27 GMT - Yahoo! News: Economy News
    Paulson says dollar peg has served Mideast well (Reuters)

    U.S. Treasury Secretary Henry Paulson (L) attends a joint news conference with Saudi Finance Minister Ibrahim al-Assaf in Jeddah May 31, 2008. (Suzan Baaghil/Reuters)Reuters - U.S. Treasury Secretary Henry Paulson said on Saturday the dollar peg for currencies in the Gulf Arab countries had served the region well and any changes to the peg would be a sovereign matter.


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    Sun, 01 Jun 2008 05:47:20 GMT - Yahoo! News: Economy News
    Paulson says dollar peg has served Mideast well (Reuters)
    Reuters - U.S. Treasury Secretary Henry Paulson said on Saturday the dollar peg for currencies in the Gulf Arab countries had served the region well and any changes to the peg would be a sovereign matter. -- read full article
    Sat, 31 May 2008 16:41:20 GMT - Yahoo! News: Economy News
    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 - 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 19:03:50 GMT - Yahoo! News: Economy News
    Gas prices inch closer to $4 while oil gyrates (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 - Retail gas prices jumped a cent Friday to a new national average over $3.96 a gallon, putting them on a course to hit $4 by early next week. Oil futures, meanwhile, traded in a narrow range as investors tried to determine whether recent price declines were temporary.


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    Fri, 30 May 2008 19:36:07 GMT - Yahoo! News: Economy News
    Inflation outlook makes consumers' mood grim (Reuters)

    A shopper loads cartons of water onto his cart at the Costco Warehouse in Arlington, Virginia, May 29, 2008. (Molly Riley/Reuters)Reuters - U.S. consumer confidence fell to a 28-year low in May, a survey showed on Friday, as soaring prices for food and fuel soured sentiment and pushed long-term inflation expectations to the highest in more than a decade.


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    Fri, 30 May 2008 20:43:09 GMT - Yahoo! News: Economy News
    Bear's top economists won't join JPMorgan: source (Reuters)

    The wind blows the JPMorgan Chase flag outside its building in front of the Bear Stearns building across the street (C), in New York, March 17, 2008. (Chip East/Reuters)Reuters - Bear Stearns' two top economists, David Malpass and John Ryding, will not join JPMorgan Chase & Co, which is set to close its purchase of Bear, a source familiar with the situation said on Friday.


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    Fri, 30 May 2008 21:15:08 GMT - Yahoo! News: Economy News
    Think gas prices are high? Try $11 in Turkey (AP)

    Cars drive to a petrol station advertising: 'Low Prices', in Anglet, southwestern France, Wednesday, May, 28,  2008. Consumers, gas retailers and governments are wrestling with a new energy order, where rising oil prices play a larger role than ever in the daily lives of increasingly mobile world citizens. (AP Photo/Bob Edme)AP - Americans are shell-shocked at $4-a-gallon gas. But consider France, where a gallon of petrol runs nearly $10. Or Turkey, where it's more than $11.


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    Fri, 30 May 2008 23:22:22 GMT - Yahoo! News: Economy News
    High gas prices hit consumers worldwide (AP)

    Map shows the price of a gallon of gas in dollars in select countries around the world; 3c x 3 3/4 inches; 146 mm x 95.3 mmAP - Feeling woozy about the fortune you've just pumped into your gas tank? Drivers around the world share the sensation.


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    Sat, 31 May 2008 06:12:27 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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    Sat, 31 May 2008 06:24:25 GMT - Yahoo! News: Economy News
    States grapple with fuel costs for school buses (AP)

    Robbie Sutton, an employee with Nash-Rocky Mount Public Schools Transportation Department, fills a bus with diesel fuel at Southern Nash High School in Bailey, N.C., Thursday, May 29, 2008. Every three and a half school days, Nash-Rocky Mount School buses consume 7500 gallons of fuel. (AP Photo/Gerry Broome)AP - The reality of rising fuel prices cost students in a Tennessee school district their bus ride to school this week on the last day of the year.


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    Fri, 30 May 2008 12:09:27 GMT - Yahoo! News: Economy News
    April personal spending up, flat after inflation (Reuters)

    A shopper selects bottles of wine at the Costco Warehouse in Arlington, Virginia, May 29, 2008. (Molly Riley/Reuters)Reuters - Personal spending rose by 0.2 percent in April as forecast and a key gauge of core inflation slowed, government data on Friday showed, but real spending adjusted for higher inflation overall stagnated.


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    Fri, 30 May 2008 13:09:59 GMT - Yahoo! News: Economy News
    New York City economy expands in May: NAPM-NY (Reuters)

    A general view of Manhattan at sunset in New York February 17, 2008. (Benoit Tessier/Reuters)Reuters - Business activity in New York City grew in May for the first time in four months, helped in part by easing worry over credit conditions, according to an industry report released on Friday.


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    Fri, 30 May 2008 13:34:39 GMT - Yahoo! News: Economy News
    Annualized growth rate at 22-week high: ECRI (Reuters)
    Reuters - A gauge of future U.S. economic growth slipped in the latest week but its annualized growth rate, while still in recessionary territory, was at a 22-week high, indicating improvement in short-term growth prospects, a research group said on Friday. -- read full article
    Fri, 30 May 2008 14:38:05 GMT - Yahoo! News: Economy News
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