Senior Chairman of Investment Bank Goldman Sachs, Lloyd Blankfein said a US recession is, in fact, possible and consumers should be ready for it.
Amid intensifying inflation, the White House has struggled to point the finger on whose to blame for the crisis. President Joe Biden has continued to blame inflation on Russia, although prices had been soaring for several months before the Ukraine crisis.
Senate Minority Leader Mitch McConnell (R-Ky.) said America must invest in a future of strong leadership against threats abroad. The top Republican recently discussed military production, defense funding and American leadership as the Russia-Ukraine crisis intensifies.