U.S. Economy Slowed to 1.5% in Q2

Evening Edition:

The U.S. economy grew 1.5 percent in the second quarter as consumption and investment slowed down and unemployment remained above 8 percent. […] This figure may force U.S. president Barack Obama to defend his record, despite a survey that shows most of 40 leading economists think the job market would be in much worse shape without his administration’s response to the financial collapse, namely the stimulus and bailout packages.

Budget Office - Obama's Health Law Reduces Deficit

Associated Press:

President Barack Obama’s health care overhaul will shrink rather than increase the nation’s huge federal deficits over the next decade, Congress’ nonpartisan budget scorekeepers said Tuesday, supporting Obama’s contention in a major election-year dispute with Republicans.

About 3 million fewer uninsured people will gain health coverage because of last month’s Supreme Court ruling granting states more leeway, and that will cut the federal costs by $84 billion, the Congressional Budget Office said in the biggest changes from earlier estimates.