When it comes to measuring the strength of the economy, one of the most important metrics to watch is the gross domestic product, or GDP. This week, the Commerce Department announced the U.S. had ...

With the Biden administration facing the prospect of a second consecutive quarter of negative economic growth, top officials in media appearances have started rejecting that as the traditional ...

As we wait for the second-quarter GDP numbers to come out at the end of this week, the White House is already playing cleanup by letting the public know that the definition of "recession" is fluid and ...

America’s GDP fell at a 0.9% annualized rate in the second quarter, a preliminary estimate from the Bureau of Economic Analysis showed Thursday morning. The report marks the second straight quarter of ...

The White House recently laid out why two quarters of negative growth doesn't always signal a recession. Yet a growing number of voices has accused the administration of changing the definition of a ...

Wikipedia has frozen edits to its page for "recession," halting a frenzy of changes to the entry after the Biden administration insisted that the U.S. economy has not entered a economic downturn. New ...

President Joe Biden and some of his top administration officials, including Treasury Secretary Janet Yellen and National Economic Council Director Brian Deese, have spent recent days attempting damage ...

But it’s far from perfect. GDP is a poor measure of welfare. It tallies up all the goods and services produced in an economy—putting equal value on $100 whether it’s spent on concert tickets or ...

A key report Thursday could reveal that the nation’s economic output declined for a second straight month, meeting the informal criteria for a recession. After dropping at an annual rate of 1.6% in ...