White House: Economy to strengthen later in year
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The White House said on Friday that the U.S. economy was "mixed" and should strengthen later in the year once it was past the worst of the housing market slump and steep oil prices.
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Treasury Secretary Henry Paulson said on Monday the Bush administration was considering how to give the economy a boost as it weathers a housing correction, but does not want to rush.
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WASHINGTON -- The economy grew at its strongest pace in more than a year during the spring as solid improvements in international trade and business investment helped offset weakness in housing.
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The White House on Friday projected a slightly lower growth rate for the US economy of 3.5 percent in 2005, but cast the outlook as sound for a year in which it
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The slowing U.S. economy is unlikely  to sink into an election-year recession and an economic rebound  could begin as early as next year as housing and financial  market turmoil fades, the Congressional Budget Office forecast  on Wednesday.
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President George W. Bush said on Thursday that the economy remained strong, with low inflation and a healthy job market, despite "unsettling times" in the housing market.
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Federal Reserve chief tells Senate panel that U.S. economy should begin to recover later this year.
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The US economy will grow in 2008, the White House says, shrugging off concerns that the US is facing a recession.
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WHITE SULPHUR SPRINGS, W., Virginia  - U.S. President George W. Bush said on Friday he was confident in the long-term strength of the U.S. economy, but urged lawmakers to act swiftly on a stimulus plan he and others hope will help stave off a possible recession.
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If the unemployment rate stays at current levels until the election, President Bush stands a much better chance at winning another four years in the White House, a job placement firm reported Monday.
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The White House on Tuesday lowered its forecast for U.S. economic growth for this year and next, saying that the economy is moderating.
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WASHINGTON -- Despite soaring oil prices and a slumping dollar, the United States enjoyed a banner year in terms of economic growth in 2004, but the new year is likely to see a significant slowdown, private economists say.
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President George W. Bush on Friday plans to call for an economic stimulus package equal to about 1 percent of U.S. gross domestic product, according to a White House document obtained by Reuters.
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Treasury Secretary Henry Paulson said on Monday the Bush administration was considering how to give the economy a boost as it weathers a housing correction, but didn't want to rush.
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Free-trade policies making it easier for U.S. companies to sell their products around the globe are an important ingredient to the economy's vitality, President Bush said Monday as he projected another year of good &#151; though somewhat slower &#151; economic growth.
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The US economy should expand modestly in coming months as a healthy job market continues to trump weakness in housing prices, a gauge of future business activity showed yesterday.
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U.S. chief executive officers expect the  economy to grow over the next six months, according to a  quarterly survey by the Business Roundtable released on  Wednesday.