Snapshot of economy about to get a lot bleaker

By The Associated Press
Friday, August 27th, 2010 -- 3:52 am

Government likely to confirm what many already know: the economy is on life support.

The government is about to confirm what many people have felt for some time: The economy barely has a pulse.

The Commerce Department on Friday will revise its estimate for economic growth in the April-to-June period and Wall Street economists forecast it will be cut almost in half, to a 1.4 percent annual rate from 2.4 percent.