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View all episodesUSA Today’s run, before and after April 30, 2025
2:02:11Now PlayingWatch live: President Trump holds meeting with his cabinet
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April 30, 2025
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2:02:11Now PlayingPresident Donald Trump is blaming his predecessor for the country's economic slowdown in the first three months of the year, calling it the “Biden Overhang” one day after reaching 100 days in the White House and with more troubling signs emerging that are tied to the Republican's economic policies.
U.S. gross domestic product, the value of all goods and services, shrank at an 0.3% annual rate in the first three months of the year, the Commerce Department said on April 30. That’s down from a 2.4% increase at the end of last year.
Stocks dipped in reaction to the latest U.S. government economic news, prompting Trump in a morning Truth Social post to put the blame on former President Joe Biden: "This is Biden's Stock Market, not Trump's," the president wrote. "I didn't take over until January 20th."
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