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denniscain1
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Online: 1921 days ago   Updated: 1921 days ago   Joined: 1921 days ago
 
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  Age: 46   Gender: Male   Race: Other   Location: Roseburg Oregon United States
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NEW YORK (CNNMoney) -- Like most economists, the White House's budget experts have grown less optimistic about economic growth and jobs, having been sobered by recent developments such as the debt crisis in Europe and continued troubles in housing.

The White House budget office forecast Thursday that the unemployment rate won't fall below 6% until 2017 -- two years later than it predicted in February, when President Obama delivered his 2012 budget proposal to Congress.

The Office of Management and Budget also lowered its estimates for annual GDP growth by roughly a percentage point for this year, next year and 2013. Its forecasts for 2015 and 2016 are somewhat higher than the

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NEW YORK (CNNMoney) -- Like most economists, the White House's budget experts have grown less optimistic about economic growth and jobs, having been sobered by recent developments such as the debt crisis in Europe and continued troubles in housing.

The White House budget office forecast Thursday that the unemployment rate won't fall below 6% until 2017 -- two years later than it predicted in February, when President Obama delivered his 2012 budget proposal to Congress.

The Office of Management and Budget also lowered its estimates for annual GDP growth by roughly a percentage point for this year, next year and 2013. Its forecasts for 2015 and 2016 are somewhat higher than the

 
 

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