Gasoline squeeze bites into summer budgets across U S
As Memorial Day weekend opens the national average for unleaded gas reaches 3.81 per gallon with prices pushing families to cut back on travel and spending. Analysts warn higher fuel costs bite into consumer budgets even as wages stall and spending shows only a slight rise.
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Jeffrey Wayman
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Alex Martinez
Arcadia High School
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James Hamilton
University of California, San Diego
G Eight aims $40 Billion for Arab Spring nations
At Deauville, rich countries pledged about $40 billion in funding to back democracy in Egypt and Tunisia, with Libya mentioned as a potential future recipient. Officials stressed the figure and allocations were not finalized, as leaders urged reforms and cautioned sanctions for autocrats.
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Economic impact of disasters looks small on US growth
Tornadoes and floods hit the South and Midwest dragging on farmland and energy output but economists say the national economy will suffer only a small dent, possibly about a tenth of a percentage point in the April to June quarter. Several experts warn more storms could raise costs for insurers and governments.
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Commerce Department
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Ee Ee Wort
Ben Bacugel
Moody's Analytics
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