Gov't warns gas may hit $4; Dow falls 36 on Fed minutes
CBS
Transcript
a car trip this summer could cost more than you bargain for for the first time the government is now predicting gas prices could climb as high as $4 a gallon Nationwide but the energy Department believes if the price goes up that much people will cut back at the pump which should help bring prices down a bit we'll find out if the demand for oil exceeds the supply later today when the government releases its weekly oil inventory report investors will also be trying to shake off recession fears That Shook the market Tuesday as after the minutes of the latest Federal Reserve meeting revealed the central bank is worried that will'll face a more severe economic slump than first thought in the end the Dow fell 36 points NASDAQ Composite gave back 16 lawmakers want to give a $7,000 tax credit to people who buy foreclosed homes but critics say the proposed Senate bill would make bank-owned properties more attractive and that could make it harder for Americans who haven't defaulted on their mortgages to sell their homes backers of the bill insist the rising number of foreclosed homes on the market is already driving home prices lower that's your money watch click on cbsnews.com for more business headlines in New York I'm Alexis christopherus