White House Seeks To Fend Off Recession Fears Ahead Of Elections

The Wall Street Journal predicts a 60% chance of a US recession in the next 12 months due to high inflation. President Biden addresses global inflation, attributing it to lack of growth policies in other countries. The White House remains optimistic about avoiding a recession, citing strong job numbers. The Inflation Reduction Act is debated, with Republicans blaming it for inflation and Democrats defending its long-term benefits. With midterm elections approaching, economic issues are a key focus, with both parties using them to sway voters.

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