Sen. Cruz Issues Statement on U.S. Economic Recession
WASHINGTON, D.C. – U.S. Sen. Ted Cruz (R-Texas) issued the following statement after this morning’s release by the Bureau of Economic Analysis indicating that the U.S. economy has officially entered a period of recession.
Sen. Cruz said:
“Despite the brazen gaslighting from this administration and their cronies in the corrupt corporate media, we are in fact now in the Biden recession thanks to reckless spending by Democrats. It’s time for this White House to take responsibility, acknowledge reality and reverse course before we see more American families suffer.”
Historically, an economic recession has been defined as two consecutive negative quarters of GDP growth. Senator Cruz recently introduced a resolution with Sens. Cynthia Lummis (R-Wyo.) and Tim Scott (R-S.C.) to cement the historic definition of an economic recession.
Read about the resolution here.