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Photo: Preston Ehrler/Echoes Wire/Barcroft Media/Getty Images

Former Vice President Joe Biden said "we’re likely to inherit a recession, at least a significant economic slowdown," during an interview with CNBC's John Harwood.

Why it matters: Biden slammed President Trump's economic policies in the interview, saying Trump's plan won't help the economy grow in the long run. Biden also said Trump is "ripping the soul out of this country."

  • There's often worries of a recession hitting. However, it's often difficult to predict when and why one will hit.

What he's saying:

  • "The president has increased with his profligate tax cut to the very wealthy the deficit by $1 trillion, $900 billion. It can’t be sustained."
  • "But what [the Obama administration] did at the same time was we were able to invest it in things that in fact grew the economy at the same time. That’s the exact opposite of what Trump has done."

Go deeper:

Go deeper

Miriam Kramer, author of Space
15 mins ago - Science

The suborbital space race heats up

Illustration: Aïda Amer/Axios

Blue Origin and Virgin Galactic are pushing to launch their first paying customers to the edge of space.

Why it matters: If the two companies succeed, it will open up a new market in the space industry, one focused on consumer-driven demand for expensive trips to suborbital space.

No one in Washington is happy with Facebook

Illustration: Sarah Grillo/Axios

The Oversight Board's decision Wednesday to uphold Facebook's suspension of former President Trump found few fans in Washington and exposed the company to a new round of attacks.

Why it matters: While the board urged Facebook back to the drawing board to better define its rules and processes around political speech, political actors on both left and right agree that the social media giant already has too much power.

Erica Pandey, author of @Work
45 mins ago - Technology

Two tales of jobs in tech hubs

Expand chart
Data: Indeed; Chart: Will Chase/Axios

Jobs are coming back more slowly in America's top tech centers than in other cities — but it's not the tech jobs that are lagging, according to a new analysis from the jobs site Indeed.

What's happening: Pandemic-era remote work is still keeping white-collar workers in tech hubs at home, and that's slowing down the recovery of local shops and restaurants in those communities.