White House says U.S. is in 'period of economic transition' amid recession fears
White House press secretary Karoline Leavitt told reporters that the U.S. economy was in a "period of economic transition" and criticized the economic policies of the Biden administration amid fears of a recession and a stock market dip.
Read more at NBC News
Topics
-
Latest news on stock markets plunging amid fears of a recession
U.S. stocks plummeted as fear among investors grows over the country's economic future. CBS News' Weijia Jiang reports from the White House, and Kelly O'Grady and Javier David have more on the ...CBS News - 1d -
The White House is using tariffs to restore manufacturing. Data suggests it will take time.
What the White House wants and what the economic realities of manufacturing and trade are don’t line up, experts say.NBC News - 17h -
Trump vowed to make the economy better on Day 1. Now he says US is in 'transition'
After vowing to immediately make America more affordable if elected, Trump now says the nation faces a "period of transition."ABC News - 7h -
Stocks slide as Trump warns of US economy 'transition'
Investors are nervous about the possibility of a US recession, say experts.BBC News - 1d -
Global stock markets register heavy falls as White House tries to talk up Trump tariffs
Dow, S&P 500, Nasdaq and Nikkei all down by at least 2% and Tesla shares fall 15% for worst day since September 2020. Global stock markets have continued to fall amid fears that a wide-ranging ...The Guardian - 1d -
Is the US really heading into a recession?
Stock market falls, tariffs and other changes are reigniting fear of economic downturn in the US.BBC News - 5h -
Stocks plunge, market closes down on recession fears amid escalating tariffs
The major stock indexes plunged on Monday amid fears of a possible recession.ABC News - 1d -
Eye Opener: Markets plummet over recession fears
Markets plummet over recession fears amid President Trump's chaotic tariff wars with our biggest trading partners. Also, a judge blocks the Trump administration's deportation of a pro-Palestinian ...CBS News - 17h -
Stocks Drop as Recession Fears Surface
The S&P skidded 2.7 percent, amid investor fears that tit-for-tat tariffs could raise prices, slow the economy and sow uncertainty among businesses.The New York Times - 1d -
Wall Street sell-off amid economic uncertainty, Trump weighs in on looming government shutdown
Wall Street is looking to rebound on Tuesday after recession fears and confusion about President Trump's tariffs caused a market plunge on Monday. Meanwhile, the clock is ticking on Capitol Hill ...CBS News - 17h -
US Secret Service shoots armed man outside White House
President Donald Trump was not in the White House at the time.BBC News - 2d -
Stephen Miller defends Trump on possible recession: Not our job to make 'prognostications'
White House deputy chief of staff Stephen Miller defended President Trump’s response to questions about a possible recession over the weekend and said it wasn’t the president’s job to forecast ...The Hill - 16h -
Dow plunges nearly 900 points amid recession fears
Fueled by a trade war and recession fears, the stock market suffered its worst day of 2025 on Monday after a massive sell-off with the Dow closing nearly 900 points down. Now, investors are bracing ...NBC News - 18h -
Trump says a transition period for the economy is likely: 'You can’t really watch the stock market'
Officials have spent the past several days bracing Americans for a slowdown that they say will lead to stronger growth ahead.CNBC - 1d -
Secret Service shoot man they say was waving gun near White House
The Secret Service shot a man who it says was waving a gun near the White House. His condition was not known as of Sunday night.CBS News - 2d -
US stocks drop, Dow closes down amid fresh tariffs on Canada, recession fears
The selloff on Tuesday extended losses suffered a day earlier.ABC News - 9h -
Wall Street suffers ‘ugly’ sell-off amid US recession fears, as Musk’s Tesla falls 50% from all–time high – business live
Volatility soars and shares slide after Beijing imposes tariffs on imports of agricultural goods from America. Analysts at investment bank Jefferies remain optimistic about the prospects for the ...The Guardian - 1d -
AP reporter spars with White House over tariffs
White House press secretary Karoline Leavitt on Tuesday clashed with a reporter with The Associated Press over President Trump’s use of tariffs after granting the outlet a rare question during a ...The Hill - 11h -
White House defends Trump's tariffs amid plunging stock markets
The White House is defending President Donald Trump's tariffs against the country's top trading partners after the stock market experienced its worst day in 2025 with a sell off that left the Dow ...NBC News - 18h -
Consumer outlook sinks as recession fears take hold
Consumers are growing increasingly pessimistic about their financial future as a wave of economic uncertainty takes hold.CNBC - 16h -
European stocks steady after US markets plunge
The global sell-off eases in Europe after US shares are hit by President Trump saying the economy is in "transition".BBC News - 19h -
Watch live: White House holds briefing as fears over economy, trade war mount
White House press secretary Karoline Leavitt will hold a press briefing Tuesday afternoon as President Trump's tariffs and dips in the stock market have raised concerns over the economy. Trump on ...The Hill - 14h -
Trump's White House Tesla expo
Presented by Ericsson {beacon} Technology Technology PRESENTED BY The Big Story Trump buys a Tesla in defense of Elon Musk President Trump bought a Tesla Tuesday afternoon to "make a ...The Hill - 7h -
White House renews Social Security pledge after Musk comments
The White House is trying to assure Americans that President Trump will not make cuts to Social Security and Medicare after adviser Elon Musk went after entitlement spending. {beacon} Health Care ...The Hill - 7h -
Secret Service shoots armed ‘suicidal’ man near White House
The Secret Service reports it shot a man near the White House after agents were alerted to a “suicidal individual” in the area. They say the shooting happened “following an armed confrontation with ...NBC News - 2d -
US Secret Service shoots armed man near White House after confrontation
Donald Trump was out of town when the shooting occurred, and the man has been hospitalized. An armed man believed to be traveling from Indiana was shot by US Secret Service agents near the White ...The Guardian - 1d -
Evening Report — Shutdown drama unfolds amid recession fears
Presented by National Council on Aging — Congress is rushing to pass a continuing resolution to avoid a government shutdown. {beacon} Evening Report TRUMP FIRST 100 DAYS © Greg Nash Government ...The Hill - 1d -
Is the US headed toward a recession?
{beacon} 12:30 REPORT It’s Monday. Who else cannot stop trying to mimic Parker Posey’s accent in this season of “The White Lotus?” This clip of Posey on NBC’s “Today” is all over my social media ...The Hill - 1d -
Trump does not rule out recession as he rejects business fears over tariffs
US administration concedes some prices might rise as fears grow of trade chaos causing disruptionFinancial Times - 2d -
White House says Canada would 'benefit greatly' from becoming 51st state
White House press secretary Karoline Leavitt told reporters that Canada would "benefit greatly" from becoming the 51st state as tensions continue over tariffs.NBC News - 11h -
Markets plummet after Trump doesn't rule out recession
Markets plummeted Monday as investors expressed fear of an economic slowdown. In an interview that aired Sunday, President Trump was asked point blank if he's expecting a recession this year, and ...CBS News - 1d -
Oil ends higher, a day after tariff-induced recession fears pulled prices to 6-month lows
Oil futures finished higher Tuesday, a day after ending at six-month lows as fears of a global economic slowdown from rising trade tensions prompted a global selloff for equities and other assets ...MarketWatch - 10h -
Trump says Ukraine 'more difficult' to deal with than Russia
It may be 'easier dealing with' Moscow than Kyiv, the US president told reporters in the White House.BBC News - 4d -
Small Businesses Still Struggle to Hire, Despite Rising Recession Fears
The NFIB’s monthly poll of entrepreneurs lists recruitment problems, inflation, and the general outlook for economic growth as leading concerns.Inc. - 17h -
White House says pro-Hamas propaganda was handed out at rallies organized by detained Palestinian activist
The State Department and White House pointed to a provision that allows green card holders to be removed from the country if they present “potentially serious adverse foreign policy consequences ...NBC News - 6h -
Alzheimer’s research centers face Trump-imposed $65m funding delay across the US
Researchers report difficulties retaining staff as White House cost-cutting stresses US medical research system. Major Alzheimer’s disease research centers across the country face a $65m funding ...The Guardian - 1d -
Would Trump Risk a Recession?
The president still believes that his protectionist trade policies will be “great for us” in the long run, but won’t rule out short-term economic pain.The New York Times - 1d -
White House says Trump won't cut Social Security, Medicare after Musk remarks
The White House on Tuesday asserted President Trump would not cut Social Security or Medicare after tech billionaire Elon Musk's comments about the need to examine entitlement spending gained ...The Hill - 14h -
Trump continues tariff tumult amid economic uncertainty
President Trump told reporters there could be some economic disturbance amid tweaks to tariffs at the end of a tumultuous week in the markets. NBC News Correspondents Aaron Gilchrist, Brian Cheung ...NBC News - 4d
More from NBC News
-
Republican subcommittee chair misgenders Rep. Sarah McBride
During a House subcommittee hearing Rep. Keith Self, R-Texas, misgendered Rep. Sarah McBride, D-Del. Rep. Bill Keating, D-Mass., called out Self and after a confrontation the meeting was ended ...NBC News - 7h -
Government funding bill passes House 217-213, heads to Senate for vote
The House narrowly passed a six-month funding bill that would prevent a government shutdown at the end of the week. The measure’s fate is uncertain in the Senate, where several Democrats will be ...NBC News - 7h -
Trump buys a Tesla from Elon Musk at the White House
President Donald Trump bought a Tesla from Elon Musk at the White House. Trump declared the vehicles “beautiful” and in particular praised the company’s unusually designed Cybertruck.NBC News - 8h -
Democrats ‘applying maximum hurt’ for ‘political gain’ in government funding fight: GOP lawmaker
President Trump is urging Republicans to support Speaker Mike Johnson’s short-term government funding bill. Rep. Tim Burchett (R-Tenn.) joins Meet the Press NOW to discuss the upcoming vote.NBC News - 9h -
Steve Kornacki: Can Republicans build on Trump’s momentum in Wisconsin?
NBC News National Political Correspondent Steve Kornacki joins Meet the Press NOW to discuss Wisconsin's shifting electorate ahead of the state's Supreme Court election.NBC News - 9h
More in Politics
-
Judge declines to block DOGE from taking over African development agency
A federal judge on Tuesday declined to block the Department of Government Efficiency (DOGE) from taking over the U.S. African Development Foundation (USADF). U.S. District Judge Richard Leon ...The Hill - 2h -
Lutnick says Trump tariffs 'worth it' even if they lead to recession
Commerce Secretary Howard Lutnick said Tuesday that President Trump’s tariff policies will be worth it, even if the economy ends up in a recession. In an interview that aired Tuesday, CBS News’s ...The Hill - 2h -
Democrat wins special election for Minnesota state House seat
Minnesota Democratic-Farmer-Labor (DFL) candidate David Gottfried is projected to win a special election for a seat in the Minnesota House, according to Decision Desk HQ. Gottfried, a pro bono ...The Hill - 3h -
GOP Rep. Mark Harris says Trump has done 'tremendous job' making case against Education Department
Rep. Mark Harris (R-N.C.) said on Tuesday that President Trump successfully made the case against the Department of Education during his 2024 campaign, leading more Republicans to support the ...The Hill - 3h -
Sununu on possible Senate bid: 'I have not ruled it out completely'
Former New Hampshire Gov. Chris Sununu (R) said he is considering running for Senate after previously rejecting the possibility. “I have not ruled it out completely, but folks in Washington have ...The Hill - 4h