NEW YORK (CNN) -- CNN Money's Maribel Aber has your top business and financial news on this Wednesday, April 10.
Catfish inspectors among $25 billion cuts in Obama's budget
Catfish inspectors are facing the knife on President Obama's budget menu. They are among $25 billion of wasteful and duplicate spending targeted by the president's budget that will be released Wednesday, according to an administration official. By cutting one of two catfish inspection programs at different federal agencies, for instance, the government could save some $14 million. It's part of 215 proposals from Obama to save money by streamlining various federal programs. They include eliminating a redundant Air Force satellite system and also consolidating 220 science, technology, engineering and math programs across 13 agencies.
Ten retailers urged to pull potentially toxic products
Health and environmental groups will launch a national campaign Thursday to prod 10 major retailers - including Walmart, Target and Costco - to clear store shelves of products containing hazardous chemicals. Advocates say these companies have done some "retail regulation" but argue more needs to be done and the U.S. government isn't stepping up. They list 100-plus chemicals used in hundreds, possibly thousands, of products including wrinkle-free clothes, vinyl flooring, shampoos, sofa cushions and food packaging.
You'll pay a little less for gas this summer
Drivers will get a slight break at the pump this summer, according to the latest forecast from the Energy Information Administration. The agency's summer energy cost forecast estimates the average price for a gallon of regular gas will be about $3.63 a gallon, down from last year's average of $3.69 a gallon. More fuel efficient cars are expected to trim consumption by about 21,000 barrels a day, and help keep prices in check. So will increased North American oil production. The summer driving season runs from April through September.
48% of teens own an iPhone. 62% plan to buy one
The results of Piper Jaffray's 25th bi-annual teen survey came in Tuesday afternoon. Once again, it showed Apple to be the most desired brand among American teenagers who care about things like smartphones and tablets, although Google's Android did make some gains. The key findings: 91% of teens say they plan to buy a smartphone for their next high-tech device, up from 86% last spring and 90% last fall; 59% of teens say they are likely to buy an iOS device (unchanged from fall) and 21% are likely to buy an Android device (was 20%).