Economic news - CNNMoney.com

• Housing rescue stokes partisan split - The momentum behind congressional efforts to let the government offer more aid to struggling homeowners has hit stiff resistance.

  

• The Fed: Betting on a rate hike - There is a growing sense that the worst of the credit crunch may be behind us. And despite a tamer-than-expected reading for April, inflation is still very much a concern for many Americans.

  

• How credit cards boost gas prices - Buying gasoline with a credit card could be hurting your local independent gas station owner - and you may have to pay for it.

  

• Economic 'misery' more widespread - Americans are feeling a lot more economic pain than the government's official statistics would lead you to believe, according to a growing number of experts.

  

• Jump in food prices biggest in 18 years - Consumers had to shell out more for goods, services and especially food in April, according to a government report released Wednesday, but the rise was lower than expected.

  

• Wall Street needs new regulation - Schumer - Sen. Charles Schumer, D-N.Y., said Wednesday he believes the credit crisis may get worse and that regulatory failings helped fuel the problems rocking the economy.

  

• Foreclosure filings hit record in April - U.S. foreclosure filings reached a record high in April, rising almost 65% over the previous year and putting municipalities at risk by cutting into the value of taxed property, according to a study released Wednesday.

  

• Mortgage trouble? Congress' plan - Politicians in Washington are busy arguing about the financial and moral hazards of coming to the aid of troubled homeowners.

  

• Tips on getting a summer job - Dear Annie: My 17-year-old son needs to get a job this summer to help save for college. He says he has been looking, and I believe him, but so far he's come up with nothing. I don't want to be a meddling mom, but I feel as if I should get involved at this point and try to help him, in no small part because the thought of his lounging on the sofa playing video games all summer makes me cringe. Do you and your readers have any suggestions? -Anxious in Attleboro

  

• Gas hits 7th straight record high - Retail gas prices hit record highs for the seventh day in a row, auto group AAA's Web site showed Wednesday.

  

• Inventory levels at 12-month low - Read full story for latest details.

  

• High fares to cut into summer air travel - Fewer people will fly this summer, according the Air Transport Association, and those who do should expect higher fares and crowded flights.

  

• Dollar strengthens, despite gloom - Read full story for latest details.

  

• Retail Sales - June 12

  

• Job Growth - June 6

  

• Manufacturing (ISM) - June 2

  

• Consumer Confidence - May 27

  

• Inflation (CPI) - May 14