Economics

US Economy Faces ‘Lot of Uncertainty’ in Coming Year, White House’s Deese Says

WATCH: Brian Deese, National Economic Council, director, discusses new FDA rules allowing hearing aids to be sold over-the-counter and says the US economy faces “a lot of uncertainty” over the next year.Source: Bloomberg
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The US economy faces “a lot of uncertainty” over the next year from global threats, but should be buoyed by a strong labor market and new legislation, White House economic adviser Brian Deese said Tuesday.

Deese said the bill President Joe Biden will sign Tuesday providing tax subsidies for green energy purchases and health care would help stabilize the US economy.