WASHINGTON — It's official: The USA is in a recession that started in December 2007.
The committee of economists responsible for determining the dates of business cycles said Monday that they met by conference call on Friday, Nov. 28 and "the committee determined that a peak in economic activity occurred in the U.S. economy in December 2007.
" The peak marks the end of the expansion that began in November 2001 and the beginning of a recession." - USA Today
There's no recession for the CEOs!