Biden sees economy avoiding recession, but risks remain

Posted on AllSides December 2nd, 2022
From The Left
AP Photo/Manuel Balce Ceneta

President Joe Biden assured Americans on Friday that the U.S. economy is chugging along in the holiday season, but the very strength of a new jobs report showed that high inflation remains a recession threat.

At the White House, the president signed an emergency bill to avert a rail strike that he said could have caused 765,000 job losses in two weeks and plunged the country into a painful downturn. But many voters and economists still fear that a recession is nigh and the price of reducing high prices will...

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https://apnews.com/article/biden-business-economy-government-and-politics-fe5f657b036b2b612d072368584e00cd

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