The White House is relying on its recently released budget—including the economic projections—to help make the case that President Biden’s policy proposals are fiscally responsible.
The proposed budget, however, forecasts a trajectory for U.S. economic growth and inflation that is rosier than some outside analysts’ current forecasts. That is partly because the White House finalized its forecasts last November. But even compared with what other forecasters expected then, the budget’s projections for economic growth over the long term are also higher.
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