AP – Americans are feeling confident enough in the economy to go back to a time-honored tradition — taking on a little extra debt.
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Consumer borrowing surges as economy improves
(AP)
AP – Americans are feeling confident enough in the economy to go back to a time-honored tradition — taking on a little extra debt.
More:
Consumer borrowing surges as economy improves
(AP)
Reuters – Consumer spending rose at its fastest pace in five months in July, supporting views the economy was not falling back into recession.
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Consumer spending rebounds
(Reuters)
AP – Seeking a jolt for the economy, President Barack Obama will lay out new ideas for speeding up job growth and helping the struggling poor and middle class in a major speech in early September, a senior administration official told The Associated Press.

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AP source: Obama to give major jobs speech (AP)
Reuters – Demand for long-lasting U.S. manufactured goods fell in June and economic activity across much of the nation slowed through mid-July, casting doubt over how quickly the economy might escape its soft patch.

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Demand for factory goods slips (Reuters)
AP – The door at the notoriously secretive Federal Reserve is opening wider.

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Fed weighs next move; Bernanke to meet the press (AP)
AP – With the price of gas above $3.50 a gallon in all but one state, there are signs that Americans are cutting back on driving, reversing a steady increase in demand for fuel as the economy improves.

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Drivers start to cut back on gas as prices rise (AP)
Reuters – Federal Reserve Chairman Ben Bernanke offered a fairly upbeat assessment of the economy on Tuesday, saying the recent surge in oil prices is unlikely to have a major effect on growth or inflation as long as higher prices do not become sustained.

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Bernanke says costly oil no threat to U.S. economy (Reuters)