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U.S. economy shrank for the second straight quarter, stoking fears of a recession

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New data out Thursday shows the U.S. economy shrank for the second straight quarter, raising concerns that the nation might be nearing, if not already in, a recession. The White House pushed back against that idea, pointing to strong job growth in recent months. Gene Sperling, a senior advisor to President Biden and the American Rescue Plan coordinator, joins Judy Woodruff to discuss.

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Category
U.S. & Canada
Tags
Capitol Hill, Charles Schumer, Economy
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