Biden says US 'not going to be in a recession'

WASHINGTON - President Joe Biden said Monday he does not expect the United States to go into recession, although GDP figures due later this week may show the economy shrinking for a second consecutive quarter.

"We're not going to be in a recession in my view," Biden told reporters.

Citing strong employment figures, the president said he hoped instead for a soft landing where "we go from this rapid growth to steady growth." -- Agence France-Presse