Biden Rejects Ex-Treasury Secretary's Recession Warning
President Joe Biden and former Treasury Secretary Larry Summers are apparently embroiled in a civil but substantive dispute regarding the state of the United States economy and the threat of a recession.
On Sunday, Newsmax chronicled Summers saying that his "best guess" involved a recession phase, perhaps sooner than later.
"Look, nothing is certain, and all economic forecasts have uncertainty. My best guess is that a recession is ahead," Summers told host Chuck Todd during an appearance on NBC's "Meet The Press."