The U.S. economy shrunk in the first quarter of 2025, according to new data from the Commerce Department. It’s the first time the economy shrank in the last three years, but President Trump is blaming former President Joe Biden for the numbers. CBS News’ Fin Gómez and Kelly O’Grady have the latest.
Latest news from the White House as Trump blames Biden for economic slowdown
Apr 30, 2025 | 3:41 PM