Biden Says He Thinks US Economy Will Avoid Potential Recession

  • President touts strong labor market, progress on inflation
  • Biden to deliver major economic address in Chicago Wednesday

US President Joe Biden 

Photographer: Nathan Howard/Bloomberg
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President Joe Biden told donors he thinks the US will avoid a potential recession that economists and banks have long been predicting.

Economists have been saying a recession is coming next month, Biden said Tuesday night during a fundraiser in the Maryland suburbs outside Washington.