The U.S. Commerce Department reported on July 28 that the nation’s gross domestic product (GDP) fell at an annual rate of 0.9% in the second quarter, marking two consecutive quarters of decline. GDP ...

The White House recently laid out why two quarters of negative growth doesn't always signal a recession. Yet a growing number of voices has accused the administration of changing the definition of a ...

The U.S. may register a second straight quarter of economic contraction, one benchmark of a recession. But that won’t be the last word. By Ben Casselman The United States is not in a recession.

Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise covers a ...

Recession – or the "R word" as politicians call it – pops up in everybody’s conversations these days, and with good reason. Today’s gross domestic product report showed the U.S. economy shrank for a ...

Minnesota has now logged two consecutive quarters of declining economic output, which is one of the commonly used signals of a recession. But as with the U.S., which also saw small drops in gross ...