
Biden White House talking points redefining recession quickly embraced by media outlets
Fox News
Several news outlets are warming up to the Biden administration's efforts to change the definition of a recession ahead of potentially damning GDP data set to be released.
Joseph A. Wulfsohn is a media reporter for Fox News Digital. Story tips can be sent to joseph.wulfsohn@fox.com and on Twitter: @JosephWulfsohn.
However, there's been a major push by the White House to preemptively declare that even if the U.S. economy has shrunk in two consecutive quarters, that doesn't necessarily mean the economy is in a recession.
Jared Bernstein of the White House Council of Economic Advisers insisted that neither Biden nor the White House was going to "sugarcoat" the incoming GDP numbers, telling CNN on Saturday that only the National Bureau of Economic Research's Business Cycle Dating Committee can determine whether the U.S. economy is in a recession. Treasure Secretary Janet Yellen asserted on Sunday that two quarters of negative GDP growth is not the "technical definition" of a recession despite acknowledging that it is the "common" definition, defining it on NBC as a "broad-based contraction in the economy" based on a wide range of data.