Musk: Recession ‘Inevitable’

Billionaire entrepreneur Elon Musk does not agree with President Joe Biden and top financial officials who say a recession is not inevitable.

“A recession is inevitable at some point. As to whether there is a recession in the near term, that is more likely than not. It is not a certainty, but it appears more likely than not,” Musk said.

Biden To Call For 3-Month Suspension Of Fed Gas Tax

President Joe Biden is expected to call on Congress to suspend the 18.4-cent federal gasoline and diesel taxes for at least three months and urge states to suspend their own gas taxes or provide some other relief, the White House said.