Biden Team Goes into Recession Denial

Posted on AllSides July 25th, 2022
From The Right
(Made Nagi/Pool via Reuters)

On the menu today: In a week full of big economic-news releases, on Thursday morning, the U.S. will learn if we’ve experienced two consecutive quarters of the GDP shrinking — the traditional definition of a recession. Treasury secretary Janet Yellin and other Biden officials are already arguing that we’re not in a recession — which seems like a clear hint that they expect Thursday’s numbers to be ugly. But to the average American, “recession” is a synonym for “economic hard times” — and with inflation at 9.1 percent, lots of...

Read full story
Some content from this outlet may be limited or behind a paywall.

National Review

AllSides Media Bias Rating: Right
AllSides Media Bias Rating: Right
See full bias rating for National Review
Learn about media bias

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right