WASHINGTON (AP) -- The Congressional Budget Office says the U.S. economy will grow by just 1.5 percent this year - hurt by a poor first-quarter performance.<br />
This new assessment is considerably more pessimistic than the Obama administration's.<br />
Last month, the administration predicted that the economy would grow 2.6 percent this year.<br />
The CBO says the economy should grow by 3.4 percent over 2015 and 2016, and predicts that the unemployment rate will remain below 6 percent into the future.<br />
The economy unexpectedly contracted over the first quarter of the year, in part because of an unusually harsh winter.<br />
The CBO also projects that the government will run a deficit of $506 billion for the budget year ending Sept. 30.
A blustery winter storm dumped snow and ice across the West on Wednesday, making driving treacherous in the mountains from California to the Rockies and forcing residents and party-goers in some usually sun-soaked cities to bundle up for a frosty New Year's.
WASHINGTON (AP) — President Barack Obama will once again stop short of calling the 1915 massacre of Armenians a genocide, prompting anger and disappointment from those who have been pushing him to ful...
FALL RIVER, Mass. (AP) — Former New England Patriots star Aaron Hernandez was convicted of first-degree murder and sentenced to life in prison Wednesday for a deadly late-night shooting, sealing the d...
WASHINGTON (AP) — Hillary Rodham Clinton jumped back into presidential politics on Sunday, making a much-awaited announcement she will again seek the White House with a promise to serve as the "champi...
Three school districts in northeast Georgia - Hall, White, and Jefferson - have received national recognition for their use use of innovative technologies. They earned top spots in the Center for Digital Education's and the National School Boards Association's 10th annual Digital School Districts Survey.
WASHINGTON (AP) — A precautionary lockdown of the U.S. Capitol was lifted after about two hours Saturday following a suicide by a man carrying a protest sign.The man died after shooting himself on the...