Biden to offer public remarks about anti-inflation bill and recession prospects

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President Joe Biden is scheduled to speak twice on economic topics on Thursday, following a report that’s intensifying a debate over whether the U.S has sunk into a recession. Biden is slated to speak at 12 p.m. Eastern on congressional Democrats’ newly struck $739 billion inflation-fighting package, and again at 2:15 p.m. on the economy as he meets with chief executives of businesses. Biden’s remarks will come after the government said the U.S. economy shrank at a annual 0.9% pace in the second quarter, to mark the second decline in a row. The Biden administration has argued the U.S. is not in recession, but with midterm elections approaching in November, Republicans are pinning the blame on Democrats for the slowdown in growth.

This article was originally published by Marketwatch.com. Read the original article here.

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