Chances of US Recession at 85 Percent: JPMorgan; Biden: Decision on Gas Tax Holiday Soon | NTD Business

Paul Greaney
By Paul Greaney
June 20, 2022NTD Businessshare

Recession fears grow; investment bank JPMorgan says there’s an 85 percent chance of a recession for the U.S. economy.

President Joe Biden is considering pausing the federal gas tax to help at the pump, saying he’ll make a decision soon.

Germany is going back to coal for power generation. It wants to reduce natural gas consumption, as Russia squeezes gas supply.

The House issues a report about a popular pet collar that is believed to be killing pets. Government agencies are taking blame over inaction.

Lunch with Warren Buffett sells for a record-breaking price: more than four times the winning bid in 2019.

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