Dire unemployment forecast demands 'immediate action': White House advisers

By Andrea Shalal WASHINGTON (Reuters) - Top White House economists pushed back on Wednesday against overly rosy interpretations of the Congressional Budget Office's economic forecasts, and called for immediate action to avert the risk of persistent and long-lasting U.S. unemployment. Jared Bernstein and Heather Boushey, two of the three members of the Council of Economic Advisers, said the CBO's "dire" forecast that 7 million people will still be out of work in 2021 underscored the urgency of enacting President Joe Biden's $1.9 trillion rescue plan. "The costs of inaction are far higher than t...