White House, Automakers Discuss Fuel Efficiency Standards

The Obama administration and auto industry executives are starting talks over new fuel economy standards for cars and trucks, which are to be announced in September. Sources say the administration is pushing for the average fuel economy for each carmaker's fleet to rise to 56 mpg by 2025. The companies want something closer to 47 mpg. The heavyweight in these negotiations could turn out to be California, which plans to set its own standard if the federal government doesn't go high enough.