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Biden does not expect a recession, says US economy is 'strong'

Published 06/27/2023, 06:15 PM
Updated 06/27/2023, 08:02 PM
© Reuters. FILE PHOTO: U.S. President Joe Biden announces a $42.45 billion national grant program for high-speed internet infrastructure deployment called the Broadband Equity Access and Deployment (BEAD) program, at the White House in Washington, U.S., June 26, 202

WASHINGTON (Reuters) - President Joe Biden said on Tuesday the United States economy is "strong now" and he does not expect a recession, a day before delivering an economic policy speech in Chicago.

© Reuters. FILE PHOTO: U.S. President Joe Biden announces a $42.45 billion national grant program for high-speed internet infrastructure deployment called the Broadband Equity Access and Deployment (BEAD) program, at the White House in Washington, U.S., June 26, 2023. REUTERS/Jonathan Ernst/File Photo

Biden delivered his remarks on Tuesday at a private fundraiser in Chevy Chase, Maryland.

He will deliver a speech on Wednesday in Chicago on "Bidenomics," a catch-all term his aides use to describe his economic vision, as the president ramps up political events and travel two months after launching his re-election campaign.

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