White House delays budget and unemployment update

The White House has delayed the budget update. The administration is reluctant to show the bad news on budget deficits and unemployment.

The White House is being forced to acknowledge the wide gap between its once-upbeat predictions about the economy and today's bleak landscape.

The administration's annual midsummer budget update is sure to show higher deficits and unemployment and slower growth than projected in President Barack Obama's budget in February and update in May, and that could complicate his efforts to get his signature health care and global-warming proposals through.

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