Top Senate Dem candidates react to economic contraction, fall short of calling it a recession

  • by:
  • Source: Fox News
  • 07/29/2022

Top Senate Dem candidates react to economic contraction, fall short of calling it a recession

  • by:
  • Source: Fox News
  • 07/29/2022

Several top Democrats in competitive Senate races say more needs to be done to get the economy back on track, but refused to say if the economy was in a recession, despite the latest GDP number showing the economy contracted for a second straight quarter.

The comments were provided exclusively to Fox News Digital on Thursday and followed an announcement from the Commerce Department that the gross domestic product (GDP), the broadest measure of goods and services produced across the economy, shrank by 0.9% on an annualized basis in the three-month period from April through June.

In a scathing response to the recent economic data, Pennsylvania Democratic Senate nominee John Fetterman, who currently serves as the state's lieutenant governor and will face off in November against Republican nominee Dr. Mehmet Oz, said it is time for members of Congress "to act and start taking serious action."

John Fetterman by is licensed under flickr