nation is officially in a recession. something many experts have predicted was coming. john roberts in washington. happy monday to you. sandra: i heard booming thunder here in new york city as a storm rolls in. welcome, everyone. i m sandra smith in new york, this is america reports. it has now been four days since the president s positive covid test. his doctors say he s doing well and symptoms are almost completely gone. all of this as the white house and president biden s team prepares for another fight. an efforts to redefine what actually constitutes a recession. john: treasury secretary janet yellen says a second quarter of negative growth in the g.d.p. will not indicate recession but does admit the economy is slowing. josh is here on this, and more noise about biden s 2024 candidacy, that s coming up in moments. sandra: peter doocy at the white house, what do officials expect from this week? are we in a recession or not? peter: sounds like, sandra, they are
quarters. two quarters, find out later this week. i will say the democrats have a real problem on their hands because it s been under one party democratic rule they have gone down this path. the inflation rate was around 1.1 when president trump left, now 9.1% this last month. it is because of president biden policy to incentivize people to stay home rather than report to work in the early days of his administration we have supply chain issues, they decided to spend money and as a result that money has now created inflation that has caused people to take more out of people s pockets. gave with one hand when they gave the stimulus checks but now costing the american family thousands of more dollars. sandra: and talking about spending more. and as a journalist, to be sure, i ve always asked economists you know, what is your definition of recession because it s not uncommon to have an economist have a different explanation of
doctors in irpin, their hospital bond. in paris they came but found themselves stuck there. how bond. in paris they came but found themselves stuck there. themselves stuck there. how are thin . s themselves stuck there. how are things now? themselves stuck there. how are things now? not themselves stuck there. how are things now? not good, themselves stuck there. how are things now? not good, i m - themselves stuck there. how are i things now? not good, i m staying with friends things now? not good, i m staying with friends more things now? not good, i m staying with friends more than things now? not good, i m staying with friends more than one - things now? not good, i m staying with friends more than one month| things now? not good, i m staying i with friends more than one month so i will with friends more than one month so iwiii receive with friends more than one month so i will receive this visa for five days i will receive this visa for five days or i will receive
didn t have the war. it s through increase of prices and the in puts you see farmers will have to pay more to produce and consumers more to buy the food. since the russian invasion of ukraine, the futures price for wheat is up 28%. corn is up over 11%, that according to dow jones market data, sandra, not good news for the american consumer. sandra: i have a habit of watching a lot of the fertilizer prices out there, i m an big commodities watcher. fertilizer prices, people should know, are also at record highs so that goes into the rise of price of food we see. the prices were going up prior to the invasion, and has only exacerbated the prices. we had senator mike lee talking about the joint economic committee, saying it s costing the average american family thousands of dollars over the course of a year to pay for these increases in food and
as patrick geary reports. the seemingly never ending storey. dame sarah storey won her first paralympic medal in barcelona in 1992, yet here she was breaking the c5 pursuit role record, her own world record in qualifying, aged a3. so the final. on the right of your screen, crystal lane wright, guaranteed the best seat in the house for another remarkable piece of storey glory. in the individual pursuit it s all over if one cyclist catches the other. seven laps in the great dane was approaching fast. dame sarah storey catches crystal lane wright. her 15th gold medal won in her eight games across two sports. this time with her family thousands of miles away. to see herfinish required an early start. as soon as i work up i was like, dad, what are you doing? it was totally worth it.