The White House will not release its official midyear economic update this summer, declining to put its stamp on data documenting the plunge into recession during the coronavirus pandemic and avoiding going on record with a prediction about the economy’s future. Updated information about the budget picture will come out as planned, a senior Trump administration official said Thursday. A significant decline in tax receipts as well as outlays from almost $3 trillion in coronavirus-related aid bills are sure to produce a multitrillion-dollar government deficit for the budget year ending Sept. 30. But the White House ... (full story)