warning as president biden and president xi jinping talking on thursday as tension continues to grow over taiwan. border officials and lawmakers as the washington, d.c., mayor calls for the national guard to be activated to assist with the migrants they. busses arriving from texas and arizona. president biden there is no surprise economy is slowing down, but he insists he still has the nation on the right path. good evening. good evening, janet. on thursday, they re widely expected announcement of american economy officially entering a recession became a reality because the gdp shrank by 0.9% in april through june, the second quarter of decline, but the president at the white house continue to dispute the traditional definition of recession. president biden: let me greg: to one other issue, gdp. and whether or not we are in a recession. peau chairman powell and many of the significant banking personnel and economists say were not in a recession. come that the white ho
much right at the moment. not necessarily feeling it right now, but in the future, i have big plans. if interest rates go up on the home mortgages, i could be a little screwed there. i m in the corporate world. it s concerning. with the prices going up, we cannot afford sometimes what i you know. so it s hard for me. have to pinch here and there. still living our life. neil: the white house learning what americans knew all along. we re indeed in a recession. the economy pulling back as prices refuse to let up. stocks ignored this and moved up what is really up? we re going to talk to senior economic adviser, gene sperling in just a moment. this is neil cavuto and your world. first to edward lawrence at the white house on how all of this is being digested there. edward? the president confident that we re not in a recession. we re hearing it from everyone in the administration. don t look at the gdp numbers. look at job growth. in fact, the jobs that the adminis
traditional definition of being in a recession. the second quarter gross domestic product g.d.p. shrank at annual rate of nine tenths of a percentage point. that s the second straight quarterly deficit and that checks the box, historically considered as recessionary. president biden says it s no surprise the economy is slowing down because of inflation. but he insists he has the nation on the right path and, quote: it doesn t look like a recession to me. the president also spent time today on a call with his chinese counterpart in a time increasing tension with communist china. white house correspondent peter doocy starts us off tonight live from the north lawn. good evening, peter. peter: good evening, bret. the numbers are right there in black and white. the u.s. economy shrunk for a second consecutive quarter. but, until large, well-respected groups, nonpartisan groups of economists issue some sort of a formal declaration that a recession is underway, then officials here
to out-of-control inflation. reckless that thing and spending spring that will delight the far left and hammer working families even harder. i know i m not adding to envision. while democrats rejoice, some quietly fear the surprise deal could cost other items on their agenda. last night, a procedural vote on legislation to help veterans exposed to burn pits shockingly failed. senate minority leader mitch mcconnell says they want to vote on an amendment to computer expenditures. equates a total [bleep] of this is the worst form of arbor politicization. haven t met a war they wouldn t sign up for and they haven t met a better and they won t screw over. some democrats wonder they may have also lost g.o.p. support for a gay marriage bill, and house republicans attempted to block the $250 billion chips plus belle and apply pressure on vulnerable democrats after what appears to be manchin
spending spree that will delight the far left and hammer working families even harder. i know i m not adding to inflation. while democrats rejoice, some quietly fear the surprise deal could cost other items on their agenda. last night a procedural vote on legislation to help veterans exposed to burn pits shockingly failed. senate minority leader mitch mcconnell says republicans want to vote on an amendment to cap future expenditures. this is total bull [bleep]. this is the worst form of overpoliticization. they haven t met a war they won t sign up for and they haven t met a veteran they won t screw over. some democrats wonder if they may have also lost g.o.p. support for a gay marriage bill and house republicans attempted to block the $250 billion tips plus bill and apply pressure on vulnerable democrats after what appears to be manchin outmaneuvering mcconnell who