White House Lowers Economic Projections
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WASHINGTON -- The White House on Tuesday lowered its forecast for economic growth this year and into 2008, reflecting the drag from the housing slump.
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The Bush administration has sought to downplay the significance of a US intelligence forecast painting a pessimistic picture for the future of Iraq, insisting that predictions of difficulties ahead -- including the possibility of civil
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US economic growth drops to a weaker-than-expected annual rate of 0.6% in the final quarter of 2007.
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The United States will enjoy solid  growth, low inflation and falling unemployment next year, the  White House said on Friday in its official economic forecast  that would normally not be released until February.
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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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Economic assumptions from President Bush's proposed 2008 budget:
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President Bush's economic advisers warned on) Sunday that high energy prices have become a drag on the U.S. economy and not a threat to growth, chipping away at Bush's upbeat election-year projections and increasing pressure on him to act.
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President Bush has decided that an economic stimulus package is needed to help the sagging economy, the White House said Thursday
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A leading forecaster of advertising spending has again reduced his estimate for growth in the United States this year, joining other experts who have also trimmed their predictions.
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Concern about the economy has jumped to the front of voters' minds as optimism about the nation's direction has dipped to its lowest point in more than a decade, according to a new Washington Post-ABC News poll.
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The White House plan to rescue the housing market is good politics and bad economics.
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Stocks fell on Friday on concerns that a White House effort to boost the economy would not be enough to forestall a recession.
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The White House on Tuesday played down prospects of major troop withdrawals from Iraq in the near future. &quot;We&#039;re not going to sort of look at our watches and say, oop, time to go,&quot; presidential spokesman Tony Snow said.
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WASHINGTON -- The White House on Wednesday lowered its forecast for economic growth this year even as it slightly upgraded its outlook for unemployment.
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The OECD on Wednesday reduced its forecast for U.S. economic growth and recommended a rapid cut in interest rates to limit the fallout from a housing and mortgage market slump that has sparked global financial market turmoil.
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In shift of tone, White House says high energy prices are now dragging on US economy. CRAWFORD, Texas  - President Bush&#39;s economic advisers are warning that high energy prices have become a drag on
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The Bush administration forecasts a strong US economy in 2005, with inflation and unemployment expected to decline. The official projections were released Friday, on the heels of a two-day