White House officials say US President Barack Obama is preparing a detailed deficit-cutting plan that goes beyond the $1.5 trillion target a congressional committee is aiming for.
The officials said job creation measures may be part of the final package that comes from that so-called super committee, which was created to identify extra budget savings as part of a deal to raise the debt ceiling.
Obama's deficit-cutting ideas will be included in a major speech on job growth planned for early September.
His jobs plan has not been finalised but may include measures including tax cuts, infrastructure investment, help for the long-term unemployed and support for specific sectors of the economy in particular need, the administration officials said.
US wholesale prices rose last month
US companies paid more in July for raw materials and wholesale goods, new figures show. Food, tobacco and pickup truck costs drove the increase.
The US Labor Department says the producer price index, which measures price changes before they reach the consumer, rose 0.2% last month. That follows a 0.4% drop in June, the first decline in 17 months.
Excluding the volatile food and energy categories, the 'core' index rose 0.4% - the biggest increase since January.
Tobacco prices jumped 2.8%, the most in more than two years. That accounted for about a quarter of the rise in the core index. Pickup truck prices rose 1%.
Petrol prices fell for the second month in a row. Food costs rose 0.6%, the biggest rise since February.
