Obama economists: Rosier picture if Congress would enact spending the president wants
Jacquelyn Martin, Associated Press
WASHINGTON — President Barack Obama's top economists say the nation is on track to make economic progress over the next two years, but add it would do even better if Congress would enact the additional spending he proposed in his most recent budget. A divided Congress in an election year is not likely to heed that call.
In their annual report to the president, the Council of Economic Advisers says the nation's economy would grow by 3.3 percent in 2014 and 3.5 percent in 2015. It adds that unemployment would drop to 6.4 percent in 2015 and 6 percent in 2016. February's unemployment rate was 6.7 percent.
That forecast assumes that Congress would approve $56 billion in spending that is above the limits set in a bipartisan budget agreement earlier this year.
- Jailed, some mentally ill inmates land in...
- US, Arab allies hit IS strongholds in Syria,...
- Where do we draw the line on spanking?
- International tax competitiveness report: See...
- Obama scores coalition victory with Arab strikes
- Police say rifle carried by ambush suspect found
- Private actions are company business
- Islamic State group calls for attacking...
- Obama scores coalition victory with... 21
- Where do we draw the line on spanking? 16
- Islamic State group calls for attacking... 14
- Jailed, some mentally ill inmates land... 11
- Thousands march in NYC, around globe... 10
- How much America wants to be taxed 10
- Iranian youth behind 'Happy' video... 9
- Security breached: Intruder gets into... 9