Biden Rejects Ex-Treasury Secretary's Recession Warning

Posted on AllSides June 20th, 2022
From The Right
Mike Theiler/AFP via Getty Images

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."

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