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>>Gas Prices

Oregon gas prices continue to rise, but the peak may be in sight. The statewide average rose four cents this week to 4.09 … Bend’s local average also rose four cents to 4.09 … While the national average fell two cents to 3.66. Triple-A Oregon says lower crude oil prices and a drop in gasoline demand is pushing prices down across the country. The national average has ticked down each day since reaching its seasonal high last Thursday. 


>> Local March Jobless

Unemployment in all three Central Oregon counties declined in March. Deschutes County added 290 jobs, and the jobless rate fell from 4.7-percent in February… to 4.4-percent last month. The biggest gains were in the Accommodation and Food Services sector. Crook County gained 200 jobs, and its unemployment rate fell to 5.9-percent. And in Jefferson County, the rate dropped to 5.5-percent, with the county adding 110 jobs.


>>White House To GOP: Take Threat Of Default Off The Table

(Washington, DC) -- The White House says House Speaker McCarthy's bill to raise the debt ceiling would "cut the economy off at the knees." Press secretary Karine Jean-Pierre cited an analysis by Moody's Analytics estimating McCarthy's proposal would slow economic growth and increase unemployment. The Speaker's plan includes pairing a package of spending cuts with a one-year debt limit increase. Jean-Pierre urged House Republicans to take the threat of default off the table and have separate talks on the budget and spending with the President and Congressional leaders. Congress needs to pass legislation to raise the debt ceiling in the coming months to prevent a default.


>>Consumer Confidence Slips In April

(New York, NY) -- Fewer Americans are feeling confident about the economy. The Conference Board's Consumer Confidence Index fell nearly three points in April to a nine-month low. The survey noted worries about jobs and a possible recession following recent bank failures in the U.S. Consumers also cut back on plans to buy homes, autos and other big ticket items like vacations amid inflation concerns.


>>GM To End Production Of Chevrolet Bolt

(Detroit, MI) -- Production of the electric Chevrolet Bolt and Bolt EV will end this year. General Motors says the company will transform the Orion Assembly plant to build the all-electric Chevrolet Silverado EV and GMC Sierra EV next year. CEO Mary Barra says this will give GM the ability to build 600-thousand electric trucks annually. The company is investing over four-billion dollars in the plant and should begin producing pickups in the first part of next year. The Bolt came on the market in 2016 but GM had to recall every model built in 2021 due to the risk of a battery fire.


>>3M Announces Six-Thousand More Layoffs

(Undated) -- More layoffs are coming to 3M. The Minnesota-based global innovation company says it's laying off six-thousand workers worldwide. The move is expected to save the company up to 900-million dollars.


>>Report: 50-Percent Of New Yorkers Cant Afford Basic Needs

(New York, NY) -- A new report shows 50-percent of New Yorkers can't afford basic needs. A report from the Fund for the City of New York says that half of the city's working-age residents don't have enough money to comfortably pay for an apartment, food and basic health care. It added that this is the highest number of households in the report's 20-year-history. The report also said that a family needs to bring in 100-thousand-dollars a year to afford basic needs.

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