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Biden does not expect a recession, says US economy is 'strong'

2023-06-27 22:15
WASHINGTON President Joe Biden said on Tuesday the United States economy is "strong now" and he does not
Biden does not expect a recession, says US economy is 'strong'

WASHINGTON President Joe Biden said on Tuesday the United States economy is "strong now" and he does not expect a recession, a day before delivering an economic policy speech in Chicago.

Biden delivered his remarks on Tuesday at a private fundraiser in Chevy Chase, Maryland.

He will deliver a speech on Wednesday in Chicago on "Bidenomics," a catch-all term his aides use to describe his economic vision, as the president ramps up political events and travel two months after launching his re-election campaign.

(Reporting by Andrea Shalal and Nandita Bose in Washington; Editing by Chris Reese)