Trump touts economy but payroll tax discussion reveals recession fears

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President Donald Trump said that the administration is looking at possible tax cuts, but reiterated that the US economy is still growing and remains very far from a recession.

"We're looking at various tax rate deductions but I'm looking at that all the time ... that's one of the reasons we're in such a strong economic position. We're, right now, the No. 1 country anywhere in the world by far as an economy," Trump told press during a White House meeting with Romanian President Klaus Iohannis.

But despite Trump's public-facing vociferousness about the strength of the economy on his watch and aides stating they have no concerns about a recession, officials have discussed the possibility of a potential payroll tax cut to stave off anxiety over an economic slowdown in recent days.

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