How recessions haunted three presidents, and how two others recovered

Posted on AllSides July 28th, 2022
From The Center

Gross domestic product (GDP) in the U.S. shrunk between April and June, according to data released Thursday morning by the Commerce Department, marking the second-straight quarter of economic contraction.

While two straight quarters of negative economic growth have long been used as a rule of thumb to determine when the U.S. is in recession and is the formal threshold for a recession in other countries, economists in the U.S. consider a broader range of data when determining if the U.S. is in recession.

President Biden and other senior figures, including Treasury Secretary Janet Yellen, are arguing...

Read full story

The Hill

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
See full bias rating for The Hill
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