Biden Says America On ‘Right Path’ As Report Shows Two Consecutive Quarters Of Declining GDP

Biden Says America On ‘Right Path’ As Report Shows Two Consecutive Quarters Of Declining GDP: The U.S. real GDP decreased at an annual rate of 0.9% in the second quarter of 2022, data released Thursday from the Bureau of Economic Analysis (BEA) shows. Biden said Thursday that the report is not surprising and the U.S. is in a transition period.