Biden shrugs off recession talk, talks up fighting inflation

President Joe Biden and his administration went all Thursday to play down a troubling new economic report that added to the evidence of a recession, trying to focus instead on major legislative progress on measures to tame inflation, reduce debt, and preserve America’s competitive edge. The desire to accentuate the positive reflected the political tensions already playing out in the run-up to the midterm elections. Republican lawmakers are sounding the alarm that a downturn has already started, a claim challenged by Biden and his fellow Democrats who wanted the public to instead focus on a pair of likely wins in Congress.

Johnny Thompson

Johnny Thompson is a senior reporter for Generator Research in Los Angeles, reporting on technology, business, finances, and more. He previously worked as a reporter for the Wall Street Journal and got his start at newspapers in New York, Connecticut, and Massachusetts.

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Liz Truss: I’ll do what is right and necessary on Ukraine, and defend our freedom

Sun Dec 31 , 2023
Liz Truss on Thursday night described herself as a “freedom fighter” on Ukraine, telling Conservative Party members they could trust her to do all she can to ensure Vladimir Putin is defeated. Related Posts:Coronavirus-wary Bavarians kick off toned-down OktoberfestBiden to GOP senators: Don't jam through Ginsburg nomineeGerman Annual Inflation Slows […]