News

Breaking Precedent, White House Won’t Publish U.S. Economic Projections This Summer

On May 28, Trump Administration officials revealed that the White House will not publish its regular  national economic forecast this summer between July and August, as they have done for years across many administrations. These economic estimates are used as a calculating device for economic predictions, government expenditures and much more. The data are gathered by expert officials in the Treasury Department, White House Council of Economic Advisers and the Office of Management and Budget.  

The decision has been widely criticized by economists from both parties. Some have said the White House is seeking to hide the steep economic decline during the election season. 

Although there is no law that obligates the White House to publish these projections, the move does breaking precedent. The two officials justified the decision to push back the publication noting that COVID-19 has caused drastic changes to the volatility of the economy making such models difficult to create. The publication is being pushed to early November, right before the election.

Agencies, such as the Congressional Budget Office, are still publishing their numbers even during the coronavirus outbreak. 

Subscribe to our free weekly newsletter!

A week of political news in your in-box.
We find the news you need to know, so you don't have to.

Leslie Ortiz

Share
Published by
Leslie Ortiz
Tags: COVID-19

Recent Posts

Whistleblower Says Trump Nominee For Federal Judgeship, Emil Bove, Told Justice Department Attorneys To Defy Court Orders

A whistleblower has provided text messages and emails alleging that Emil Bove, a senior Justice…

5 hours ago

FEMA Head David Richardson Makes First Appearance In Texas Following Deadly Flooding That Killed 129 People

The Federal Emergency Management Agency’s (FEMA) acting administrator David Richardson made his first public appearance…

6 hours ago

Trump Names Transportation Sec. Sean Duffy, Former Star Of ‘The Real World,’ To Serve As NASA’s Interim Head

President Donald Trump announced last week that U.S. Secretary of Transportation Sean Duffy will serve…

10 hours ago

Defense Secretary Pete Hegseth Didn’t Consult Trump Prior To Authorizing Pause On Weapons Shipments To Ukraine

Secretary of Defense Pete Hegseth did not notify the White House prior to authorizing a…

14 hours ago

Measles Cases Reach Highest Number In U.S. In Past Three Decades

Since the beginning of the year, the U.S. has had 1,299 confirmed measles cases as…

1 day ago

56% Of Californians Favor Secession From The U.S., New Poll Finds

A poll conducted in June by the Independent California Institute found that a majority of…

1 day ago