Biden: Economy slowing down but not in recession
During a meeting with CEOs and business leaders Thursday, President Joe Biden continued to dismiss claims the U.S. is in a recession, pointing to a "historically strong" job market along with robust consumer spending and business investment. (July 28)
Biden says nation is 'on the right path' despite latest GDP report fueling recession fears
President Joe Biden said Thursday the nation is "on the right path" despite recession fears fueled by the latest report from the Commerce Department showing the US economy shrank again in the second quarter.
Joe Biden finally admits economy is slowing down after US 'enters recession'
The US economy shrank for the second straight quarter, which meets the long-held view of a recession (Pictures: Getty Images)The US has technically entered a recession, as President Joe Biden avoids calling it that but acknowledges that ‘the economy is slowing down’. America’s economy shrank for the second consecutive quarter in the spring, meeting the widely accepted criteria for a recession, according to a report released by the US Department …