www.bloomberg.com | Gasoline station owners in the Los Angeles area including Costco Wholesale Corp. (COST) are beginning to shut pumps because of supply shortages that have driven wholesale fuel prices to record highs.

Costco’s outlet in Simi Valley, 40 miles (64 kilometers) northwest of Los Angeles, ran out of regular gasoline yesterday and was selling premium fuel at the price of regular, Jeff Cole, Costco’s vice president of gasoline, said by telephone. The company hasn’t been able to find enough unbranded summer-grade gasoline to keep its stations supplied, he said.

dailycaller.com | Powerful House Ways and Means Committee chairman Rep. Dave Camp announced Wednesday morning that documents his committee obtained prove political appointees in President Barack Obama’s administration were “clearly involved” in the decision to terminate 20,000 non-union Delphi salaried retirees’ pensions during the 2009 auto bailout.

“Treasury was clearly in the center of the decision to terminate the pensions of Delphi’s salaried workers,” Camp said in a release. “Instead of withholding important documents, Treasury should release all documents without further delay and give these hardworking Americans answers as to why Treasury believed they were not entitled to their full pensions. I have serious concerns about this Administration picking winners and losers in Delphi’s bankruptcy.”

The finding directly contradicts the testimonies of several Obama administration and White House officials, and means several communications the Treasury Department sent to Congress may have been false.

Peter Schiff isn't buying QE3.  Advises on future collapse of the U.S. economy and collapse of U.S. dollar.

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washingtonexaminer.com | Obama administration officials have insisted that their decision to grant states waivers to redefine work requirements for welfare recipients would not “gut” the landmark 1996 welfare reform law. But a new report from the Congressional Research Service obtained by the Washington Examiner suggests that the administration’s suspension of a separate welfare work requirement has already helped explode the number of able-bodied Americans on food stamps.

Webster Tarpley is interviewed on the Federal Reserve's new "QE3" Stimulus plan to buy some $40 billion in mortgage backed securities every month.

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cnbc.com | Central bankers are “counterfeit money printers” and Federal Reserve Chairman Ben Bernanke should resign for messing up the U.S. economy so badly, Marc Faber, author of the Gloom, Doom and Boom, told CNBC on Friday.

He said Bernanke was one of the main proponents of an ultra-expansionist economic monetary policy that was to blame for the latest financial crisis.

“If I had messed up as badly as Bernanke I would for sure resign. The mandate of the Fed to boost asset prices and thereby create wealth is ludicrous — it doesn’t work that way. It’s a temporary boost followed by a crash,” Faber said.