From Washington: Negative Growth Leads To Recession Concerns

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.4 • 1.7K Ratings

🗓️ 31 July 2022

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

As America faces its second quarter in a row of negative economic growth, the historical sign of a recession, the White House is saying that the United States is not facing a recession. Amid concerns, the Fed has decided to raise interest rates once again, prompting worries about where the economy is heading. Economist and University of Chicago Professor Austan Goolsbee explains what defines a recession, the steps that the government could take to avoid further inflation, and how raising interest rates could impact Americans. The U.S. Senate primary in Missouri is set to take place this Tuesday, and it has shaped up to be a high-stakes race on both sides of the political aisle. FOX News Multimedia Reporter based in Missouri, Madison Scarpino shares the general political sentiment amongst Missouri voters, how a Trump endorsement could shift the landscape of this MAGA-oriented GOP race, and how the outcome of this heated race could set the stage for a midterm showdown. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi all how we doing afternoon afternoon let's get this meeting meeting meeting
0:06.0	started
0:07.0	when everyone's home erepte work mode
0:12.0	when everyone's home ee work mode prioritizes your broadband for working from home, with faster speeds in more places than anyone else.
0:18.0	So, yeah, yeah, I've got you loud and clear, clear is about.
0:21.0	This is broadband made for working from home.
0:24.0	Search EE broadband, powered by BT.
0:26.7	Work mode with EE Smart Hub Plus to verify see EE.
0:28.9	C EE.
0:29.5	C EE. K. slash Claims.
0:30.1	Sunday, July 31st, 2022.
0:37.0	I'm Jared Halper.
0:38.0	What's in a name?
0:40.0	The White House pushes back on the U.S. economy entering a recession.
0:44.3	Look, the vibe is clearly negative.
0:47.2	People are clearly upset with how the economy is going.
0:50.9	I'm Jessica Rosenthal.
0:52.4	It's primary day this Tuesday in several states and one of the top Republicans in a critical Senate primary is causing some concern in his own party as one of the biggest names in the GOP declines to back a candidate.
1:04.5	I think that a Trump endorsement would would absolutely shift things in this race.
1:10.9	This is the Fox News rundown from Washington. What's a recession? That question is electrified pundits, economists, and politicians this week.
1:34.0	That's because the Commerce Department reported last quarter, the quarter that ended in June,
1:38.6	that the economy contracted by 9 tenths of a percent.
	...

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