Biden says recession is not inevitable but acknowledges economic pain: 'This is going to be a haul'
CNN
President Joe Biden said Monday he believes a recession in the US is not inevitable but acknowledged the economic pain that Americans are feeling amid high inflation, supply chain shortages and the geopolitical earthquake caused by Russia's invasion of Ukraine.
The President argued the US has made "significant progress" in its recovery from the coronavirus pandemic, which he said has put America in a better position than other countries around the globe struggling with the same issues. But he predicted it would take time to fully recover, saying, "This is going to be a haul. This is going to take some time."
"Our GDP is going to grow faster than China's for the first time in 40 years. Now does that mean we don't have problems? We do. We have problems that the rest of the world has, but less consequential than the rest of the world has because of our internal growth and strength," Biden said at a news conference in Tokyo.
President Donald Trump issued a stark threat to defense contracting companies on Wednesday, saying he would seek to limit stock buybacks and executive salaries unless they improve their delivery of weapons systems to the US military hours before saying he’d decided to substantially increase the defense budget.
Temir Porras, who was ousted President Nicolás Maduro’s chief of staff from 2007-2013, tells CNN’s Isa Soares that he cares about the stability of his country and that the leadership in Venezuela is showing “maturity and balance in the movement they’re making.”
GOP Sen. Thom Tillis strongly criticized White House deputy chief of staff Stephen Miller’s recent comments suggesting the US should take control of Greenland, calling the remarks “amateurish” and “absurd,” and urging President Donald Trump to fire people who give that kind of advice.
It was as telling a moment as any when it comes to the Republican Party’s relationship with President Donald Trump.
While the Trump administration insists the US will run Venezuela, it’s not that simple. Many of President Nicolás Maduro’s loyalists are still in positions of power. CNN’s Rafael Romo reports.
Four days since US President Donald Trump’s most strident military move yet, the gulf grows between his claim that the United States will “run” Venezuela and the reality of a continued dictatorship on the ground.
Florida Gov. Ron DeSantis said Wednesday he plans to call a special session in April for the Republican-dominated legislature to draw new congressional districts, joining the redistricting arms race.
As part of its claims of widespread fraud in the federal safety net, the Trump administration is halting $10 billion in funding for several programs in five Democrat-led states.
The Trump administration has outlined a number of demands that Venezuela must agree to order to resume oil production, two senior White House officials told CNN.
Minnesota state representatives are set to testify during a Republican-led House Oversight Committee hearing on allegations of fraud and misuse of federal funds in the state. Follow for live updates
On the heels of the US capture of Venezuelan leader Nícolas Maduro, President Donald Trump has ramped up his rhetoric around his desire to acquire Greenland, once again raising the prospect of military intervention, sparking fears across Europe and widespread condemnation.
Parched soil crunched under Jessica Rogers’ boots as she crossed the empty lot overlooking Palisades’ Stadium By the Sea. She sprayed her hose towards a cluster of leafy bushes growing at the base of a blackened tree.
The fate of hundreds of thousands of Venezuelan migrants in the United States remains in limbo after the capture of Venezuelan President Nicolas Maduro.