Top Trump WH economist slams Biden administration's 'recession' spin

Casey Mulligan, former chief economist for the Council of Economic Advisers (CEA), criticized the Biden administration for attempting to redefine what a recession constitutes.

Several underlying indicators suggest the U.S. is heading towards an economic downturn despite President Biden's insistence that the economy is strong, Mulligan — who served in the Trump administration between 2018 and 2019 — told FOX Business in an interview. In recent days, several top White House officials have downplayed the technical definition of a recession and argued that two consecutive quarters of negative gross domestic product (GDP) growth does not indicate a recession.

"It seems to me that the White House seems to be saying, 'yeah, you're working more and earning less, but at least you're working more,'" said Mulligan, who is currently a professor at the University of Chicago. "I don't understand the silver lining of that. We work in order to earn. That earning part is not going well."