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traditional definition of being in a recession. the second quarter gross domestic product g.d.p. shrank at annual rate of nine tenths of a percentage point. that s the second straight quarterly deficit and that checks the box, historically considered as recessionary. president biden says it s no surprise the economy is slowing down because of inflation. but he insists he has the nation on the right path and, quote: it doesn t look like a recession to me. the president also spent time today on a call with his chinese counterpart in a time increasing tension with communist china. white house correspondent peter doocy starts us off tonight live from the north lawn. good evening, peter. peter: good evening, bret. the numbers are right there in black and white. the u.s. economy shrunk for a second consecutive quarter. but, until large, well-respected groups, nonpartisan groups of economists issue some sort of a formal declaration that a recession is underway, then officials here

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