The economy is probably shrinking, according to federal data, but that may not mean we’re in recession. We’ll also look at progress on the semiconductor bill and a pending decision on student loan relief. But first, a Russian eviction from space. Welcome to On The Money, your nightly guide to everything affecting your bills, bank account and bottom line. For The Hill, we’re Sylvan Lane, Aris Folley and Karl Evers-Hillstrom. Someone forward you this newsletter? Subscribe here. Why the GDP decline may not mean a recession The Biden administration is ramping up messaging that two quarters of negative growth do not mean a recession, bracing Americans for a likely tough economi
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