OPINION: More layoffs. A cooling housing market. What will it take for the administration to change strategy?

The White House says a recession can’t be defined solely by two consecutive quarters of negative growth.

Cow Guy Close host Scott Shellady says it is the standard definition economists have always used, and this signals the administration will not change course. He invited Mitch Roschelle, founding partner of Macro Trends Advisors, and Dan Geltrude, America’s Accountant, to weigh in on red hot inflation, a chilling housing market, and increasing workforce layoffs.

Global recession fears amplify as commodity prices fall

U.S. economy shrank 0.9 percent last quarter, but the White House

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Senate confirms Torres Small as USDA’s second-in-command

The U.S. Senate confirmed Xochitl Torres Small to be the U.S. Dept. of Agriculture’s (USDA) Deputy Secretary of Agriculture late Tuesday morning, July 11. As of the appointment, she was serving as the U.S. Under Secretary for Rural Development, a position she has held since October 2021.

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