Republicans rush to label economic slowdown as ‘Joe Biden’s recession’

Republicans are quick to call a recession as the administration points to brighter employment numbers

Prices are rising in the US at the fastest rate in four decades. The Fed raised interest rates again. And new data showed the American economy shrank for a second consecutive quarter, intensifying fears of a recession and handing Republicans a potent line of attack just months before the midterm elections.

For embattled Joe Biden, Thursday's gross domestic product figures were the latest in a string of worrying economic developments clouding his presidency this week. The news came as Democrats celebrated a breakthrough on the president's long-stalled economic agenda after Senator Joe Manchin announced his support for a version of the plan in a shock reversal for the West Virginia holdout.