White House plays down talk of recession
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The White House played down talk that the United States might be headed for a recession and said a report on fourth-quarter gross domestic product released earlier on Wednesday did not change its outlook.
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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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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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MYRTLE BEACH, South Carolina  - Republican White House hopefuls differ over whether the United States is headed for a recession but agree the economy faces serious risks -- from housing market turmoil to record-high oil prices.
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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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The White House reiterated on Tuesday that it considered energy prices too high but said the economy would weather the impact.
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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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Stocks fell on Friday after initial news of a White House stimulus package raised doubts about how much of a boost it would give the economy.
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The White House yesterday lowered its forecast for economic growth this year and next, reflecting the drag from the housing slump.
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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 Treasury secretary said 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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President George W. Bush believes a short-term boost is needed to deal with the softening in the U.S. economy, the White House said on Thursday amid what it described as "mixed" economic data.
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President George W. Bush sought to calm Americans' fears about the troubled economy on Monday while charting a course he hopes will keep him relevant in his final year in office.
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President George W. Bush will offer ideas on Friday for shoring up the fragile U.S. economy, as he and the Democratic-led Congress move forward with talks on a plan to avert a recession.
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The White House said Tuesday it was not predicting a recession in the United States and but that it was open to a larger stimulus package than its proposed 140-150 billion dollar boost.
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Business & money: Upbeat White House tries to talk up economy as oil price falls back  from record highs