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administration down playing the recession call. there s semantics. what is a recession, how do you technically define it. no matter what, there s widespread agreement no matter who you talk to. that is that economic growth is slowing. the treasury secretary, janet yellen acknowledges as much. but then she maintains that that does not mean a recession is inevitable. this is not in an economy that is in recession. but we re in a period of transition in which growth is slowing. and that s necessary and appropriate. we need to be growing at a steady and sustainable pace. yellen says the job market is still strong. she says a recession would have to be a broad-based economic contraction. consumers are still spending. household balance sheets are still in good shape. all of that said, the economy did contract the first quarter. economists think at beast we ll see slow growth when the numbers release thursday. the white house insists even if that number does go negative and some

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