Credit: Politico
Eric Adams responds to Joe Biden, claiming that the United States is in a recession and that "Wall Street is imploding"
Credit: Politico
Mayor Eric Adams said the US is in a recession and "Wall Street is collapsing," contradicting President Biden's earlier claims.
Credit: Politico
Despite negative GDP growth, Biden denied a recession.
On Thursday, Vice President Joe Biden rejected the premise that the US economy has entered a recession because of two consecutive quarters of negative GDP growth.
Credit: Politico
Real GDP fell 0.9 percent in the second quarter following a 1.6 percent dip in the first three months of the year, according to Commerce Department figures.
Credit: Politico
Anecdotal evidence suggests the Federal Reserve's efforts to control inflation may have backfired, with economists predicting a 0.3% growth rate.
Credit: Politico
Kamala Harris acknowledged "rising inflation" and a faltering economy during a visit to Bedford-Stuyvesant on Thursday.
Credit: Politico