U.S. economy is still not out of woods even though the longest recession the country has endured since the Great Depression has been officially declared over.
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US President Barack Obama said Friday the "hole" left by the worst recession in decades was "huge" and admitted the recovery had been "painfully slow," but vowed his policies were working.
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Christina Romer, who chairs the White House Council of Economic Advisors (CEA), will step down next month, the White House said Thursday.
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The figure, released by the White House budget office, is 2 trillion dollars more than the estimates made by the Obama administration in May.
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