The Congressional Budget Office is projecting that the nation's unemployment rate will remain near 9 percent through 2012, representing a downgrade in the independent analyst's economic prediction since a forecast released in August.
CBO Director Douglas Elmendorf told members of a new congressional committee on deficit reduction created in the August debt deal that new economic data gathered in just the last few weeks has resulted in the dimmer projection.
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Michael A. Fletcher 14 Sep, 2011
Michael A. Fletcher --
Source: http://feeds.washingtonpost.com/click.phdo?i=5e659002789704d6ba9ef13f25e95e7c
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