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thanks for joining us here on kron. 4 news at noon. i m ella sogomonian. our top story this afternoon. the united states gdp shrank for a 2nd quarter in a row. that s one key indicator that experts look to when evaluating if our country is in a recession. to be clear, we re not in a recession just yet. markets turned upward this morning after a shaky start in response to the news, president biden spoke today to try and calm recession concerns. the biden administration says the new reconciliation bill that was passed just yesterday will help keep the economy afloat. it s a bill that cost will cut your cost of living and reduce inflation for and it lowers the deficit. it strengthens our economy for all of them and the long run as well. the reconciliation package yesterday will also help ease inflationary pressures lowering some of the biggest costs families face. the gdp report for last quarter pointed to a weaker economy all round consumer spending and business i ....
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