pundits about whether we re in a recession. if you look at our job market, we see signs of economic progress in the second quarter as well. bank of america, citigroup, j.p. morgan, they have all said nothing in the data is consistent with the economy being in a recession. you don t think this is an indicator of an impending recession or one here? 64% of americans say otherwise. here s what some folks told fox digital this week. i believe we re in a recession. have you checked gas prices lately and the interest rates? clearly we re in a recession. people are not going to have money to adjust to the prices. people buy less. people don t want to buy anything. lauren simonetti and joe concha are standing by. first to the white house correspondent jackie heinrichs live on the north lawn. good afternoon. good afternoon. as far as the white house is concerned, this is not a recession at all. the administration has been trying to get ahead of the numbers since at leas
reporting strong results on robust consumer spending. trace, as i send it back to you, rising credit card debt can be a signal of consumers paying as folks pull out the plastic to make ends meet. trace: thanks, gerry. let s bring in connell mcshane, the national correspondent and hilson wrath. thanks for being here. connell, when you listen to gerrie there, it s interesting. can you say over and over again that we re not in a recession, the economy is strong, that $20 burgers taste better. does it make us feel better or we re being buffaloed a little bit? what is interesting about it, a lot of people are trying to figure out why does the biden administration want to have this battle over semantics? are we in a recession? the only economic reason to have that battle is what we just heard. because consumer confidence or consumer sentiment has this