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Friday, July 1, 2011

Financial News for the Week Ending 07/01/11

• IRS increases gas mileage from 51 cents to 55.5 cents for 2011
• Debit card interchange fee raised to .21 cents instead of .12 cents
• Greek legislation leads to second round of EU bailout funds
• Quantitative easing monetary policy ended 
• Stock market rallied for 5 days straight
• President Obama advocates for a national debt deal
• Institute for Supply Management Manufacturing Index rose 1.8 percent  
• Consumer sentiment dropped 2.8 percent in June

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