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How recessions haunted three presidents, and how two others recovered

Gross domestic product (GDP) in the U.S. shrunk between April and June, according to data released Thursday morning by the Commerce Department, marking the second-straight quarter of economic contraction. While two straight quarters of negative econ

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  • Jul 29 2022
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How recessions haunted three presidents, and how two others recovered
How recessions haunted three presidents, and how two others recovered

Biden's Bad/Good News Week Curated by
Carl Sullivan, Flipboard Politics Desk The GDP fell for a second straight quarter, signaling a recession may be underway. Though the White House is resisting the "R" word, CNN points out it doesn't really matter what you call our current inflationary period. To consumers, it feels like a recession. On the bright side, the cagey Sen. Joe Manchin finally found a Democratic spending bill he can support. Repackaged as the "Inflation Reduction Act of 2022," the $370-billion bill includes funding for energy, climate change and health care. Yes, but ... will the Senate's other maverick Democrat, Kyrsten Sinema, sign up? Stay tuned.

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