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Obama budget office lowers economic growth forecast for 2012

Friday, July 27, 2012

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Obama budget office lowers economic growth forecast for 2012
Jul 27th 2012, 21:02

President Barack Obama's budget office on Friday revised downward its previous forecasts for economic growth in 2012 and 2013 and projected a $1.211 trillion deficit through the end of the year, slightly down from earlier predictions. "The economy is not growing fast enough and there are still too many people out of work. Most troubling, the pace of improvement in the labor market slowed in the second quarter of...

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