The U.S. economy is falling far short of growth predictions made by the White House just last month, according to ABC News.
The U.S. economy has grown just 1.5 percent in the 2014 fiscal year–far slower than White House projections–while more than $500 billion of deficit spending was added to the national debt, according to new projections released today by the non-partisan Congressional Budget Office.
Just last month the Obama administration optimistically forecast 2.6 percent GDP growth in 2014.