Lower Gas Prices Help Economy

Posted On December 17, 2014

(Sacramento, CA) -- Gas prices are continuing to drop. Economists says that's good news for your pocketbook and the local economy. {rddHamilton1_1} Q...immediate stimulus effect 000:08 Drexel University business professor Dr. Sally Hamilton says overall savings on gas could total up to 500-dollars for the average tax paying family. Additional Audio: Drexel University professor Dr.…

Walmart CEO Says Supercenter Stores Too Big

Posted On December 17, 2014

(Undated) -- The big boss at Walmart says the company's supercenter stores are just too big. CEO Doug McMillon says the world's biggest retailer found out "how big was too big" when the company learned that some customers don't want to walk around a 200-thousand square food store to do their shopping. That's how big…

President Obama Signs Spending Bill

Posted On December 16, 2014

(Washington, DC) -- The federal government has the money to keep running. The White House says President Obama last night signed the huge spending bill that funds the government through next September. While most of the government will be funded for nine months in the big spending deal, the Department of Homeland Security will only…

Senate Passes Tax Break Renewals Bill

Posted On December 16, 2014

(Washington, DC) -- A bill extending dozens of temporary tax breaks is on its way to President Obama after being passed in the Senate. The package of 55-items includes tax breaks for business research, wind power and foreign profits. Most of them had expired at the end of 2013. The legislation renews the breaks retroactively…

Stocks Fall For Third Day In A Row

Posted On December 16, 2014

(New York, NY) -- It's another day of losses on Wall Street. The Dow Jones Industrial Average fell 112 points Tuesday to close at 17-069. The Nasdaq dropped 57 points to 45-48. The S&P 500 lost 17 points to 19-73. The price of oil was nearly unchanged at just short of 56 dollars a barrel.