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Rising fuel costs cloud U.S. economic outlook: Fed

WASHINGTON — Higher gasoline prices are muddying what is an otherwise improving outlook for the US economy, the Federal Reserve said in a keenly watched report, published Wednesday. In its Beige Book survey — which frames its policy meeting later this month — the Fed held its cautious optimism about…

Obama goes on offensive as gasoline prices soar

MIAMI — US President Barack Obama tried to head off Republican criticism over rising gasoline prices Thursday, ridiculing their responses as bumper-sticker policies designed to win an election, not to solve the problem. Visiting the hard-hit election battleground of Florida, a feisty Obama responded to a barrage of Republican criticism…

High oil prices test U.S. economy, Obama

A jump in gasoline prices is threatening to smother the flickering flames of the US economic recovery and with them President Barack Obama’s hopes of retaining the White House. Groggy but still standing after a four-year slog through recession, the US economy has — just about — weathered shocks from Japan’s earthquake and tsunami,…

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