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Gasoline prices expected to fall in 2013
NEW YORK (AP) â¿¿ At least gasoline should cost you less this year.
Hamburgers, health care and taxes are all set to take a bigger bite out of the family budget. But drivers' annual gas bills are expected to drop for the first time in four years.
Forecasters say ample oil supplies and weak U.S. demand will keep a lid on prices. The lows will be lower and the highs won't be so high compared with a year ago. The average price of a gallon of gasoline will fall 5 percent to $3.44, according to the Energy Department.
Obama nominates Lew to lead Treasury
WASHINGTON (AP) â¿¿ For 30 years Jack Lew has had a hand in some of the biggest economic deals negotiated in Washington. What awaits him if he's confirmed as treasury secretary could far exceed any challenge of the past â¿¿ a triple-decked potential crisis that will test his experience the moment he opens his office door on the third floor of the Treasury Building
Lew, nominated for the job Thursday by President Barack Obama, has honed his skills in the trenches of fiscal policy, helping forge major deals encompassing Social Security and budgets for the likes of former Speaker Tip O'Neill and President Bill Clinton.
Obama highlighted that experience in announcing Lew's selection, an unmistakable nod to the fast-approaching deadlines to raise the government borrowing limit, avert deep and immediate spending cuts and extend government operations.
Lawmakers release documents on Wal-Mart bribery
NEW YORK (AP) â¿¿ Wal-Mart Stores Inc.'s CEO Mike Duke found out in 2005 that the retailer's Mexico unit was handing out bribes to local officials, according to emails obtained by lawmakers.
The emails contradict earlier claims by Wal-Mart senior executives that they weren't aware of bribes being made by the company.