White House punts economic update as election draws near

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ANDREW TAYLOR, JOSH BOAK and AAMER MADHANI Associated Press WASHINGTON (AP) — The White House took the unusual step on Thursday of deciding not to release an updated economic forecast as planned this year, a fresh sign of the administration's anxiety about how the coronavirus has ravaged the nation just months before the election. The decision, which was confirmed by a senior administration official who was not authorized to publicly comment on the plan, came amid intensifying signals of the pandemic's grim economic toll. The U.S. economy shrank at a faster-than-expected annual rate of 5% during the first quarter, the Commerce Department reported Thursday. At least 2.1 million Americans lost their jobs last week, meaning an astonishing 41 million Americans have filed for unemploymen
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