Village News - Also serving the communities of De Luz, Rainbow, Camp Pendleton, Pala and Pauma

White House punts economic update as election draws near

 

Last updated 5/28/2020 at 8:19pm

ANDREW TAYLOR, JOSH BOAK and AAMER MADHANI

Associated Press

WASHINGTON (AP) - The White House took the unusual step on Thursday of deciding not to release an updated economic forecast as planned this year, a fresh sign of the administration's anxiety about how the coronavirus has ravaged the nation just months before the election.

The decision, which was confirmed by a senior administration official who was not authorized to publicly comment on the plan, came amid intensifying signals of the pandemic's grim economic toll.

The U.S. economy shrank at a faster-than-expected annual rate of 5% d...



For access to this article please sign in or subscribe.



 

Reader Comments
(0)

 
 

Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2020