Latest News Wires CBO: US economy to grow by 1.5 percent in 2014

The Congressional Budget Office on Wednesday forecasts that the US economy will grow by just 1.5 percent in 2014, less than the Obama administration's prediction last month that the economy would expand by 2.6 percent. Looking ahead, the CBO said it expected the economy to grow by 3.4 percent over 2015 and 2016.

By , Associated Press

The Congressional Budget Office on Wednesday forecasts that the U.S. economy will grow by just 1.5 percent in 2014, undermined by a poor performance during the first three months of the year.