President Obama will deliver a statement about the economy at the top of the White House’s daily press briefing Tuesday, the White House announced. His remarks come after the Treasury Department announced Monday a new set of regulations targeting what’s known as “tax inversions” — meaning when a company moves abroad from the U.S. for lower taxes.
His remarks are scheduled for 12:15 p.m. EST.
He’s sure to be asked about Trump’s prediction of an imminent, full blown recession, along with Trump’s admonition for investors to avoid participating in the stock market. Hopefully a dressing down similar to the one he delivered at the recent nuclear summit will follow.
I’d settled for prolonged laughter as a response.