The Joe Pags Show

The Joe Pags Show

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Biden Reacts To Nation's Economy Shrinking In Q1

President Biden Delivers Remarks On Support For Ukraine

Photo: Getty Images

President Biden is blaming "technical factors" for the nation's economy shrinking in the first three months of the year. While answering questions from reporters, he was asked about a potential recession.

GDP growth declined 1.4% during the first quarter, after surging 6.9% over the final three months of last year. 

Biden said the U.S. is dealing with many challenges including COVID and the war between Russia and Ukraine. 

The President added more progress needs to be made. That includes Congress sending him a bill helping the nation's supply chains.

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