‘Democrats would rather redefine a recession than restore a healthy economy’: Kevin McCarthy leads Republicans tearing into Biden and the Dems for refusing to face ‘predictable’ financial crisis
Technically, a recession has to be officially declared by panel of economists
President Biden claims the U.S. is not in a recession, despite figures Thursday showing two straight months of economic shrinkage
But White House has insisted that the alarming data doesn’t equal recession
It marked two quarters of GDP decline, the informal definition of a recession