Testifying before the "super committee," CBO Director Elmendorf says the agency has lowered its...

|By:, SA News Editor

Testifying before the "super committee," CBO Director Elmendorf says the agency has lowered its economic outlook, expecting growth of just 1.5% this year and 2.5% in 2012 - against August estimates of 2.3% and 2.7% respectively. Unemployment - previously hoped to drop in 2012 - is expected to remain above 9%.