Treasury Secretary Janet Yellen issued a warning that if the U.S. government does not vote to fix the debt ceiling the nation will go into a recession. The stark warning comes after Democratic and GOP ...

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 ...

In the media, two consecutive quarters of negative GDP growth are generally thought to be the definition of a recession. That’s why the likes of ECRI’s Lakshman Achuthan can claim that the U.S. is ...

Conservatives are distancing themselves from their own definition of a recession on the eve of a key Statistics Canada report that will show whether the country's economy shrank for a second ...

Tech·ni·cal (adjective): based on or marked by a strict or legal interpretation. Re·ces·sion (noun): a period of significantly reduced general economic activity that is marked especially by declines ...

The Great Recession from 2007-09 saw GDP fall 4.3%, the biggest drop since the Great Depression. Deregulation in the 2000s and excessive risk by banks were major causes of the financial crisis.

When the U.S. goes into a recession, the National Bureau of Economic Research makes the call. In Canada, it’s not so clear cut. We apologize, but this video has failed to load. That leaves policy ...

Conservative candidate Jason Kenney laid the groundwork for a broader definition of "recession" just a few short days before GDP numbers for the second quarter of 2015 are set to be released. "Most ...

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 ...

CTV National News: How recession could affect you CTV News’ Vassy Kapelos discusses the two things a recession could mean for Canadians, including less funding for needed programs.

The terms stoke outsized panic in some cases and insufficient caution in others. Lately, the stock market has taken a thrashing. The Nasdaq and S&P 500 have each fallen for seven consecutive weeks.