Biden admits 'slight recession' could happen but says 'I don't anticipate it'

President Biden acknowledged the possibility of what he described as a "slight recession" could occur in the near future. It was determined back in July that the U.S. suffered back-to-back consecutive quarters of negative GDP growth, which has long been the indicator of a recession. However, both the Biden administration and many members of the media have dismissed that long-standing definition. During an interview on Tuesday, CNN's Jake Tapper asked the president, "Should the American people prepare for a recession?"-- More...

President Biden says that the prospect of a “slight recession” is possible but that he doesn’t anticipate it – even as experts are sounding the alarm about the future of the American and global economies. https://t.co/7GV4Dylvcq pic.twitter.com/jfscDg6tLu

— CNN (@CNN) October 12, 2022