Despite the White House Debate, Critics Insist US Officially in a Recession A...
The U.S. economy has declined for the second-straight quarter as the country’s gross domestic product (GDP) declined by 0.9% in Q2. The Bureau of Economic Analysis’s summary of the U.S. GDP follows the recent debate over the technical definition of a recession. America’s Q2 GDP Data Points to a Recession One of the principal agencies of the U.S. Federal Statistical System, the Bureau of Economic Analysis (BEA), released the commerce department’s latest gross domestic product (GDP) statistics on Thursday. The report notes that the GDP data shows a 0.9%....
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White House Chief of Staff Ron Klain says that the U.S. is not in a recession. “The economy is growing. It is strong,” he stressed. In addition, White House Press Secretary Karine Jean-Pierre said there are no meetings or anything happening in preparing for a recession. White House Dismisses Recession Concerns White House Chief of Staff Ron Klain, President Joe Biden’s top aide, shared his economic outlook in an interview with MSNBC Thursday. He said: We are not in a recession … Unemployment claims remain at a historical low … The economy is growing. It is strong.....
Bitcoin has proven itself time and again to recover from any kind of storm and with this, Anthony Scaramucci – the former White House chief of communications and founder of Skybridge Capital – said he stays positive amid all the gloom and negativity in the bear market. Fears of recession continue to spread among investors […]
Politicians continue to argue about whether the U.S. economy is in recession, even as data highlights two consecutive quarters of negative growth. Meanwhile, BTC holds $19,000, for now. Bitcoin (BTC) wobbled in its narrow trading range at the Sep. 29 Wall Street open as official data put the United States economy in recession. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewU.S. meets technical definition of recessionData from Cointelegraph Markets Pro and TradingView showed BTC/USD still hovering just above $19,000 at the time of writing.The pair weathered gloomy figures for....
The American Bankers Association (ABA) is pushing back against the White House Council of Economic Advisers (CEA) stablecoin report tied to the long-awaited CLARITY Act, arguing that the debate is being framed in a way that misses the real policy risk. The ABA’s objection centers on the CEA’s analysis of stablecoin rewards—specifically, the idea that […]
For decades, the White House has represented the people of the United States and our democratic values. Until now, the public could only dream of owning a physical White House replica for their home. But now, you can own a piece of history—and home decor—via an NFT, powered by Next Earth. Who Owns a Piece […]