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nation is officially in a recession. something many experts have predicted was coming. john roberts in washington. happy monday to you. sandra: i heard booming thunder here in new york city as a storm rolls in. welcome, everyone. i m sandra smith in new york, this is america reports. it has now been four days since the president s positive covid test. his doctors say he s doing well and symptoms are almost completely gone. all of this as the white house and president biden s team prepares for another fight. an efforts to redefine what actually constitutes a recession. john: treasury secretary janet yellen says a second quarter of negative growth in the g.d.p. will not indicate recession but does admit the economy is slowing. josh is here on this, and more noise about biden s 2024 candidacy, that s coming up in moments. sandra: peter doocy at the white house, what do officials expect from this week? are we in a recession or not? peter: sounds like, sandra, th ....
There is unchecked inflation on the way. no serious economist. i think i was wrong then about the path that inflation would take. sandra: so remember when they say it s part of an economic cycle, this is what we have to do in times of inflation, that we did not have to be here. it did not have to be as bad as it got. it definitely didn t. and they are trying to redefine recession because they are afraid, like you said, they don t want it on their record, if you will, they don t want too grab responsibility for it. but wall street futures, the bond market, that tells you what s going on wonky but the traditionally indicated recession. and that s what wall street is watching right now. that s what smart money says. sandra: great to have you here, jackie. great to be here. john: new at 2:00, dozens of medical students who take an oath to do no harm are walking out of the white coat ceremony ....