12:52 P.M. EST MR. McCLELLAN: Good afternoon, everyone. I have one announcement to begin with. The administration, today, is releasing an updated economic forecast that shows the strong economic expansion in the United States is expected to continue, with healthy job creation and contained inflation. The new economic forecast, which will be used for the President's fiscal year 2007 budget, is similar to the consensus of professional, independent economic forecasters and our previous forecasts that we have released. Early indicators of activity suggest that the growth of real gross domestic product, or GDP, during the four quarters of 2005 will...