Reuters - General Motors Corp initiated a series of steps on Monday from cutting production of trucks to offering aggressive incentives to combat the drop in demand for large vehicles amid record-high gas prices.

Reuters - The U.S. Securities and Exchange Commission is planning rules to make it possible for U.S. money-market funds to invest in short-term debt without regards to ratings put on those securities by firms such as Moody's and Standard & Poor's, the Wall Street Journal reported on Monday citing people familiar with the matter.

Reuters - U.S. Treasury Secretary Henry Paulson on Monday urged oil-producing nations to boost their output and warned that soaring energy costs threatened to prolong a U.S. economic slowdown.

Reuters - Now that everyone agrees that it's inflation, not a lingering credit crisis, that poses the gravest risk to the world economy, it's time to think again about central bankers' focus.

AP - At the Corner Pub on Cincinnati's west side, bartender Melissa Metz can count the cost of the economic hangover in the stack of bills she has at the end of a shift.

AP - Oil prices rose Monday on disappointment over Saudi Arabia's modest production increase and concerns that output from Nigeria will decline. Retail gas prices, meanwhile, inched lower overnight, but appear unlikely to change much as long as oil prices remain stuck in their recent trading range.

Reuters - General Motors Corp is offering zero-percent financing for 72 months on pickup trucks and SUVs as record-high gas prices have hurt sales of large vehicles, a GM dealer briefed on the plans told Reuters on Monday.

AP - Like a lot of people, Nate Towne is cutting back on spending. He's carpooling to work and only shops at grocery stores that take coupons or offer discount "rewards" cards.

AP - A national survey shows consumers across the nation are paying an average of 10 cents a gallon more for gasoline than they were two weeks ago.

Reuters - Gasoline is costing U.S. drivers a record $4.10 per gallon on average, but pump prices may be at a peak and could start to come down, an industry analyst said on Sunday.

AFP - The tough talk on inflation from Federal Reserve chairman Ben Bernanke and his colleagues is unlikely to lead to a boost in interest rates -- at least for now, economists say.

AP - Is everything spinning out of control? Midwestern levees are bursting. Polar bears are adrift. Gas prices are skyrocketing. Home values are abysmal. Air fares, college tuition and health care border on unaffordable. Wars without end rage in Iraq, Afghanistan and against terrorism.