Gasoline sales have been down for the past five weeks. One reason may be consumers buying and driving more fuel-efficient vehicles since the last gas price hike in 2008.
Later this morning, President Obama will outline his plans for reducing the long-term deficit. The proposal is expected to focus on cuts to entitlement programs and tax increases.
The auto industry has staved off production stoppages thanks in part to lengthy shipping times for Japanese parts. But now, the shipments that left Japan before the tsunami have all been unloaded, and automakers face potential shutdowns.
The Organization for Economic Cooperation and Development has released a study examining gender inequality in the "unpaid economy" — household chores and childcare for example. Their findings? Women in the United States work about 100 more unpaid minutes per day then men.
Today President Obama will release his plan to reduce the long-term deficit. After critics called the last budget vague, economist Mark Zandi from Moody's Analytics is looking for specifics.
President Obama today will speak on his plans for reducing U.S. debt. He is expected to announce cuts to entitlement programs and tax increases. Economist Richard DeKaser explains.
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