This week’s economic reports are ‘moment of truth’ for Biden

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Every week is a tough week for this White House right now.


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But as he recovers from his Covid-19 infection, President Joe Biden faces a new moment of truth this week about an economy that is stuck in an identity crisis and buffeted by unpredictable outside forces — and his White House knows it, as advisers scramble to front-run what many think could be a week of more gloomy data.
“This is not an economy that’s in recession, but we’re in a period of transition in which growth is slowing,” Treasury Secretary Janet Yellen told NBC News on Sunday, though she noted that there are “threats on the horizon.”

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Chuck comes from a lineage of journalism. He has written for some of the webs most popular news sites. He enjoys spending time outdoors, bull riding, and collecting old vinyl records. Roll Tide!