Breaking News: The U.S. economy shrank in the second quarter, raising fears that the country could be close to a recession — or perhaps that one has begun. - HOT AIR BALLOON FLIGHT

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Breaking News: The U.S. economy shrank in the second quarter, raising fears that the country could be close to a recession — or perhaps that one has begun.

BREAKING NEWS

The U.S. economy shrank in the second quarter, raising fears that the country could be close to a recession — or perhaps that one has begun.

Thursday, July 28, 2022 8:38 AM ET

Gross domestic product, adjusted for inflation, fell 0.2 percent in the second quarter, the equivalent of an 0.9 percent annual rate of decline, the Commerce Department said Thursday.

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