Economic Outlook

WASHINGTON - The Obama administration claimed this week that $100 billion invested in innovative technologies under the economic stimulus law is "transforming the American economy" by putting the nation on track for technological breakthroughs in health care, energy and transportation.

BERLIN - Germany's business confidence rose in August to its highest level in three years, according to a key survey Wednesday, suggesting Europe's biggest economy continues to grow as companies plan to hire more and manufacturers and retailers enjoy improved demand.

Gas prices are poised to fall as Memorial Day approaches, a welcome change for motorists who have gotten used to seeing increases cut into their summer vacation money.

CANBERRA, Australia - The government will reveal an economic blueprint Tuesday aimed at reining in Australia's record debt without alienating voters in an election year.
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