The Rich Zeoli Show- Hour 2:

• On Friday, the Labor Department released its May jobs report indicating that the U.S. economy added 339,000 new jobs. However, as economist Dr. EJ Antoni notes, a significant number of those new jobs were courtesy of government employment—with real hourly and weekly earnings still struggling due to inflation.
• According to a report from Patrick Thomas of The Wall Street Journal, beef prices in the U.S. are on the rise due to inflation which has “pushed up prices for fuel, feed and equipment”—complicated by “[s]evere drought in many key cattle-producing states, such as Nebraska, Oklahoma and Texas, parched grazing pastures, requiring spending on supplemental feed such as alfalfa and hay—which are up more than 20% on average from the prior year.” You can read the full article here: https://www.wsj.com/articles/beef-prices-high-summer-barbecue-12a08905?mod=hp_lead_pos5
• While appearing on MSNBC, White House Economic Advisor Bharat Ramamurti said he believes that middle class families are doing well and, consequently, the economy is doing well under President Joe Biden’s leadership. However, as RNC research notes, the average American family has lost roughly $10,000 paying for increased costs from inflation since President Biden took office.
• According to Andrew C. McCarthy, “FBI director Chris Wray reached a compromise with committee chairman James Comer (R-KY)” regarding a House Oversight Committee subpoenaed document which is alleged to show members of the Biden family were receiving payments from foreign nationals for policy influence while Joe Biden was Vice President. McCarthy writes, that “[t]he FBI will bring the subpoenaed document at the center of the dispute to the House on Monday. There, Comer and the committee’s ranking member, Jamie Raskin (D-MD), will review it and receive a related briefing from the bureau.” You can read the article here: https://www.nationalreview.com/2023/06/comer-and-wray-strike-compromise-staving-off-oversight-committee-contempt-citation/
• Dr. Victoria Coates—former Deputy National Security Advisor & Senior Research Fellow at The Heritage Foundation—joins The Rich Zeoli Show to discuss the Biden-McCarthy debt ceiling agreement that has now passed in the House and Senate. Dr. Coates also talks about French President Emmanuel Macron’s call for NATO to provide stronger security guarantees for Ukraine. But won’t the burden of additional spending to support Ukraine be disproportionately placed on American taxpayers—not France?