| One on One with Barry: Dems Propose Massive Tax and Spend Bill After Economy Enters a Recession |
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| In the News: Rep. Loudermilk to Newsmax: Garland's Threats a 'Prop' for Panel's Failures |
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| In the News: ‘Soviet-Style Propaganda’: Republicans Rip Biden White House for Redefining ‘Recession’ amid Economic Contraction |
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Breitbart:
Republican officials in the House and Senate ripped into the Biden administration after it attempted to redefine what constitutes a recession while concerns mount about a significant decline in economic activity this year.
On Thursday, ahead of a potentially negative GDP report expected later this week — the annualized economic growth rate shrank by 1.6% in the first quarter of this year and appears to have contracted even more in the second — a White House blog post attempted to redefine the term “recession.”
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In the News: U.S. GDP Fell at 0.9% Annual Rate in Second Quarter; Recession Fears Loom Over Economy
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Wall Street Journal:
The U.S. economy shrank for a second quarter in a row—a common definition of recession—as the housing market buckled under rising interest rates and high inflation took steam out of business and consumer spending.
Gross domestic product, a broad measure of the goods and services produced across the economy, fell at an inflation and seasonally adjusted annual rate of 0.9% in the second quarter, the Commerce Department said Thursday. That followed a 1.6% pace of contraction in the first three months of 2022.
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GOP labels Manchin deal as 'out of touch, most reckless' tax and spending spree
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Fox News:
Republicans in Congress are racing to characterize the new spending bill being pushed by Democrats as "out of touch" with the American people, as they work to try to defeat the more than $700 billion legislative package.
Sen. Joe Manchin, D-W.Va., and Senate Majority Leader Chuck Schumer, D-N.Y., announced they had reached a deal Wednesday evening to move forward with a vastly pared-back version of Build Back Better. The deal reached includes $433 billion in spending on climate change, drug pricing reform and health care provisions, over $300 billion in tax increases and an agreement between Schumer and Pelosi to vote on oil permitting reforms.
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In the News: The truths the Jan. 6 committee will never uncover
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The Washington Times
Congressional investigations are designed to root out the waste, fraud and abuse of taxpayer dollars as well as provide transparency on important issues for the American people. And there’s widespread agreement that the most effective oversight committees in history have been honest, bipartisan and fair.
By now the American people know that the House Jan. 6 select committee is none of these things; in fact, it’s the exact opposite. It’s an illegitimate committee that has no minority members or rights, it is completely partisan, and its focus is not on the truth, but rather on stopping former President Donald Trump from running for president again.
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