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
that negotiations need to be without fanfare on president biden s offer to give back a notorious arms dealer in exchange for americans britney griner and paul whalen, senior foreign affairs correspondent greg palkot has the latest tonight. russian officials confirming today an offer has been made by the u.s. to swap wnba store griner and whelan for reportedly russian weapons traitor viktor bout. didn t say how close the sides are including whether russian foreign lavrov and blink ken proposed by blinken happened. they did complain the u.s. was talking too much. so issues are discussed without any such release of any information. normally the public learns about it when the agreements are already implemented. in fact, this proposal has been an offer for weeks now. the u.s. trying to pressure russian president putin to end what it wrongful detention. this is a horrifying
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