President Biden on Thursday said he is “not concerned” about recession in the immediate future, just hours after the Commerce Department announced that the U.S. economy shrank 1.4% at the beginning of 2022—marking the worst quarter in two years.
on Thursday said he is "not concerned" about a recession in the immediate future, just hours after the Commerce Department announced that the U.S. economy shrank 1.4% at the beginning of 2022 — marking the worst quarter in two years.
When asked about how concerned he is about the prospect of a recession given the GDP report, the president said he is not. The president also said unemployment is at its "lowest rate since 1970," and said "a record 4.5 million businesses were created last year." Scott rolled out the plan in February, calling it the "11 Point Plan to Rescue America," which proposed raising income taxes on Americans.
Senate Minority Leader Mitch McConnell, R-Ky., arrives at the Capitol in Washington, Wednesday, Oct. 6, 2021, as a showdown looms with Democrats over raising the debt limit.
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