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White House lowers economic projections

by alaaron | November 21, 2006 at 11:50 am | 236 views | add comment | 0 recommendations
WASHINGTON - The White House on Tuesday lowered its forecast for economic growth this year and into 2008, reflecting the drag from the housing slump.

Even with the downgrade, though, the Bush administration is predicting that the unemployment rate will turn out to be slightly lower than previously thought.

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November 21, 2006 at 11:50 am by alaaron, 236 views, add comment

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