Wikipedia temporarily semi-protected its page on rescission to stop an editing war, not to favor President Biden's administration.
"Apparently the White House is changing the definition of recession this week so we can pretend that we’re not in one," said one prominent Biden critic.
The Fed chair said for the first time that the central bank's actions are already having an effect on the economy in ways that could slow the worst inflation the nation has endured in four decades.
The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession.
“The White House is now trying to protect Joe Biden by changing the definition of the word recession.”
In a big week for economic reports, one of the biggest is set to be released on July 28: The first look at how much the nation’s second-quarter gross domestic […] The post What is a recession? Sorting out a confusing topic appeared first on Poy
In advance of a big announcement about second-quarter economic growth, there’s lots of confusion about what constitutes a recession. We take a closer look.
https://www.newsweek.com/fact-check-did-white-house-change-definition-recession-1727641 The U.S.' econo
“When you have unemployment below 4% and inflation above 4%, recession always follows within two years.”
The recession caused by the COVID-19 pandemic officially lasted just two months and ended in April 2020. But Transportation Secretary Pete Buttigieg wrongly credited President Joe Biden for guiding “this economy out of the teeth of a terrifying r
Federal Reserve Chair Jerome Powell warns that there still could be widespread bankruptcies among small business and extended unemployment for many people.
The opposite is more likely to be true, according to research and experts.
Stocks tumbled more than 5% on Wall Street.
Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, has died.
The Truth-o-Meter says: Half-True | Bernie Sanders overstates recession aid to Wall Street banks Sen. Bernie Sanders marked his return to the campaign trail after a heart attack with a huge outdoor rally in New York City. Sanders stayed focused on
A strong majority, 74%, of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump's economic policies that they expect a recession in the U.S. by the end of 2021.
The Truth-o-Meter says: Half-True | Elizabeth Warren says manufacturing is in recession, but signs are mixed Elizabeth Warren issued a warning about the economy with the dire headline "The Coming Economic Crash — And How to Stop It."
Britain is due to leave the EU on October 31.
The always-provocative HBO talk show host stands accused of taking "Trump-hatred" to a whole new level.
The Truth-o-Meter says: Half-True | Tennessee GOP's slam on Democrat Phil Bredesen's jobs record overlooks Great Recession The U.S. Senate race in Tennessee is starting to heat up. Phil Bredesen, the leading candidate for the Democratic nomination,
Both political parties are spinning the facts on whether the Democrats’ Inflation Reduction Act would raise taxes. Democratic Sen. Joe Manchin says the climate bill “does not raise taxes” but merely closes tax “loopholes.”
Summary Since President Joe Biden took office: The economy regained nearly 9 million jobs, coming within about half a million of the pre-pandemic peak. Unemployment fell to 3.6%; unfilled job openings surged, with 1.9 slots for every person seeking wo
Economists cite several reasons for high inflation in the United States, starting with the unprecedented circumstances created by the COVID-19 pandemic. But TV ads in midterm races across the country blame one culprit: stimulus spending by President Jo
In mid-June 2022 a viral image circulated, suggesting that AriZona Iced Tea’s price increased to $1.29, from 99 cents: Worst thing I've seen today. pic.twitter.com/aHW39U0mFu — Adam Neuman (@AdamJNeuman) June 16, 2022 Officially t
Global stocks drifted lower in the wake of Wall Street's tumble into a bear market, as investors anxiously contemplated a new and uncertain world of higher interest rates, international conflict and recession fears.
Did the U.S. inflation rate hit an all-time high in 2022? No, that's not true: While inflation, as measured by the U.S. Consumer Price Index (CPI), is at a high level of 8.0 percent in June 2022, a dozen other years have had higher inflat
In a speech on inflation and the economy, President Joe Biden made some misleading claims and used political spin to criticize Republicans and promote his policies. Biden said higher inflation was due to the COVID-19 pandemic and Russian President Vla
The campaign of Dr. Mehmet Oz and a super PAC supporting him are running ads that seek to paint his chief rival in the Pennsylvania Senate Republican primary, Dave McCormick, as a “friend” of China who outsourced Pittsburgh jobs and is out
The Federal Reserve will launch one of the most difficult tasks a central bank can attempt: Raise borrowing costs enough to slow growth and tame high inflation, but not so much as to topple the economy into recession.
Summary In his first State of the Union address, President Joe Biden focused on Russia’s invasion of Ukraine, before turning to his accomplishments and agenda for the coming year. Some of his statements didn’t square with the facts. Biden
A national recession could be perhaps the biggest threat.
On February 1 2022, DailyWire.com published an article with the authoritative-sounding headline, “Lockdowns Had ‘Little To No Effect On COVID-19 Mortality’ But Had ‘Devastating’ Effects On Society.” It began: A new [in February 202
Summary A year ago, Joseph R. Biden took office as the 46th president of the United States — inheriting an economy weakened by the COVID-19 pandemic, but with effective vaccines to finally deal with it. To mark Biden’s first year in office, we ta
Inflation has spiked during the recovery from the pandemic recession as Americans have ramped up spending on goods such as cars, furniture and appliances.
America’s employers accelerated their hiring last month, a sign that the recovery from the pandemic recession is overcoming a virus-induced slowdown.
We spotted a few instances in President Joe Biden’s televised town hall when his answers didn’t square with the facts: Biden said that both he and his wife had “been” to the U.S-Mexico border. But the White House press secretary said he wa
On October 13 2021, a Facebook user published the following warning about rent-to-own appliances and large purchases, describing the manner in which such transactions functionally served as a tax on low-income people: STAY AWAY FROM RENT to Own Places
Summary The statistics for the entirety of Donald Trump’s time in office are nearly all compiled. As we did for his predecessor four years ago, we present a final look at the numbers. The economy lost 2.9 million jobs. The unemployment rate incr