Archive for June, 2007

Senate Comes To Compromise On Fuel Economy

The fuel economy has been on everybody’s mind for sometime and they are wondering what the Government is going to do about it. On Thursday the Senate voted for a compromise. They stated that required average fuel economy for cars, trucks, and SUV’s will have to be 35 miles to the gallon for brand new cars by the year 2020.

Consumer Confidence Is Low

Everyone across the U.S. is subdued at the gas prices that for 10 months have been rising and falling and the problems with the housing market. Economists are hoping that these problems with soon get better. “There is too much uncertainty. That is the mindset of consumers right now,” said Brian Bethune, economist at Global Insight.