{"id":27880,"date":"2011-08-25T15:00:29","date_gmt":"2011-08-25T15:00:29","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/budget_agency_projects_slow_growth_high_joblessness\/"},"modified":"2011-08-25T15:00:29","modified_gmt":"2011-08-25T15:00:29","slug":"budget_agency_projects_slow_growth_high_joblessness","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=27880","title":{"rendered":"U.S. Budget agency projects slow growth, high joblessness"},"content":{"rendered":"<p>The economy will grow by less than 3% through 2012, and unemployment will remain above 8% until 2014, the non-partisan Congressional Budget Office projects.<\/p>\n<p>In its semiannual update of budget and economic data, the agency \u201d\u201d which serves as the official scorekeeper for President Obama and Congress \u201d\u201d projects painfully slow progress on the economic front through next year&#8217;s election and beyond.<\/p>\n<p>Economic growth will remain slow but steady, it says, increasing by 2.3% this year and 2.7% next year. In a blog post on the agency&#8217;s website, director Douglas Elmendorf notes those projections were made in early July \u201d\u201d before financial market gyrations and some lackluster economic indicators.<\/p>\n<p><a href=\"http:\/\/www.usatoday.com\/news\/washington\/story\/2011-08-24\/Budget-agency-projects-slow-growth-high-joblessness\/50127042\/1\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The economy will grow by less than 3% through 2012, and unemployment will remain above 8% until 2014, the non-partisan Congressional Budget Office projects. In its semiannual update of budget and economic data, the agency \u201d\u201d which serves as the<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=27880\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,670,149,669,584],"tags":[],"class_list":["post-27880","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-budget","category-economy","category-the-national-deficit","category-the-u-s-government"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/27880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27880"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/27880\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}