Bush Projects Slow Growth In 2007
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President Bush said free-trade policies making it easier for U.S. companies to sell their products globally are important to economic vitality
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Seven years ago, President Bush rode into town promising tax cuts and rebates. He's heading out the same way.
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Slowing activity in the US economy and a possible sudden cooling of overheated property markets are the main threats to the world economy in 2007 after vigorous recovery this year.
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The White House predicted the economy would escape a recession and unemployment would remain low this year, though it acknowledged growth had already slowed.
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The U.S. economy grew at a  weaker-than-expected 3.1 percent annual pace in the final  quarter of 2004 year, its slowest since the beginning of 2003  as the country's trade performance deteriorated and inflation  picked up, a government report on Friday showed.
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President Bush was saying last month that the economy had &quot;turned the corner,&quot; but the recovery he&#39;s counting on to help drive him to re-election Nov. 2 has hit some potholes lately.
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President George W. Bush is likely to delay the unveiling of a new strategy for Iraq until early 2007, instead of late this year as originally planned, a White House official said on Tuesday.
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Restrained by a worse-than-expected slump in housing, the economy will grow at the slowest pace in five years in 2007, leading economic forecasters say. They predict consumers will get a break on inflation from falling energy prices.
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The economy grew at a 0.7 percent annual pace in the first three months of this year, the weakest in more than four years but slightly better than previously estimated, data showed  on Thursday.
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President Bush said on Wednesday  that his fiscal 2006 budget would slash or eliminate more than  150 government programs, and hold spending growth for many  other programs at below the rate of inflation.
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The Bush administration predicted on Friday that economic growth would slow to 3.5 percent from about 4 percent next year but still be strong enough to reduce unemployment slightly.
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The U.S. economy grew at a  weaker-than-expected 3.1 percent annual pace in the final  quarter of 2004, its slowest since the beginning of 2003 as the  country's trade performance deteriorated and inflation picked  up, a government report on Friday showed.
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US economic growth slowed more than expected in the second quarter of 2006, revised official data says.
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U.S. manufacturers expect the economy to slow in 2007, as the weakening housing market continues to take a toll on business, according to data released on Thursday.
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U.S. President George W. Bush's fiscal 2009 budget proposal released on Monday takes into account that the U.S. economy is facing a slowdown, the White House said.
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A slowdown in the housing market drove the White House on Tuesday to lower its forecast for U.S. economic growth for this year and next.
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The poverty rate dipped in 2006, the first significant decline in the Bush presidency. Median household income bumped up slightly.