Read this report:
The White House is being forced to acknowledge the wide gap between its once-upbeat predictions about the economy and today’s bleak landscape.
The administration’s annual midsummer budget update is sure to show higher deficits and unemployment and slower growth than projected in President Barack Obama’s budget in February and update in May, and that could complicate his efforts to get his signature health care and global-warming proposals through Congress.
UPDATE: Look, the Size of the Deficit Is on a Need-to-Know Basis, and You Don't Need to Know!
The Obama administration announced that the budget numbers that were supposed to be released in July will be out in mid-August, when Congress, and many of the remaining Americans who can afford it, will be on vacation. It seems safe to assume that if the income, spending, and deficit numbers were good, or even mediocre, the administration would be eager to get them about as quickly as possible.