White House debt path view tied to optimistic growth forecast

The Obama administration's plan to set federal borrowing on a sustainable path relies on stronger economic growth than what is seen by other big government agencies, which in turn have been lowering their expectations. The administration's view, laid out on Tuesday in its annual budget proposal, is that gross domestic product will grow 2.3 percent each year over the long run. The median policymaker at the Federal Reserve, however, sees long-term growth at 2 percent, which is the same rate seen b