In the Mid-Session Review, the White House lowers its growth and jobs forecasts, expecting 2.1%...

|By:, SA News Editor

In the Mid-Session Review, the White House lowers its growth and jobs forecasts, expecting 2.1% growth this year and an unemployment rate of 8.2% by the November 2012 elections - highest for an incumbent since FDR in 1936. The OMB says the budget deficit would shrink to $1.32T this year, down from earlier estimates of $1.64T.