WASHINGTON — President Joe Biden told donors he thinks the United States will avoid a potential recession that economists and banks have long been predicting.
Economists have been saying a recession is coming next month, Biden said Tuesday night during a fundraiser in the Maryland suburbs outside Washington.
“It’s been coming for 11 months, well guess what? I don’t think it is going to come,” he added, citing a still strong labor market and his efforts to tamp down on inflation.
