Economists Predict Recession Without Urgent Congressional Action on Stimulus

To avoid recession, Congress needs to pass tax cut and Ukraine/Israel aid bills which would stimulate economy
Without bills, chief economist Nancy Lazar sticks with recession prediction due to Fed rate hikes taking effect
Tax cuts would give businesses more cash for investments; military spending creates defense sector windfall
Additional factors like student loan forgiveness and CHIPS Act grants could also help avoid recession
Both bills face uphill battle in Congress; tax cut bill has 40-50% odds and Ukraine aid stalled in the House