TOP NEWS | Biden Skips Dinner, Inflation Persists, FBI Director Dodges Questions About Mark Houck | July 12

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🗓️ 12 July 2023

⏱️ 10 minutes

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Summary

On today’s Daily Signal Top News, we break down: The Bureau of Labor Statistics released the inflation numbers for last month and President Biden is claiming victory for “Bidenomics,” even as economists note that inflation remains higher than when the president took office. FBI Director Christopher Wray testified before the House Judiciary Committee’s Select Subcommittee on the Weaponization of the Federal Government today, answering and dodging important questions about the FBI’s record in recent years. President Biden is in Vilnius, Lithuania, for the NATO summit this week. Yet the president is making news with where he is not going. Biden opted out of a dinner with his NATO counterparts Tuesday, the Washington Examiner reported. A student paper at a Roman Catholic college is raising money for its legal defense after a professor sued the paper for defamation. Dylan Mulvaney, the male “influencer” who claims to identify as a transgender “girl” and whose promotion with Bud Light kicked off a firestorm of controversy for the beer giant, said he has gone to Peru to “feel safe.” Listen to other podcasts from The Daily Signal: https://www.dailysignal.com/podcasts/ Get daily conservative news you can trust from our Morning Bell newsletter: DailySignal.com/morningbellsubscription Listen to more Heritage podcasts: https://www.heritage.org/podcasts Sign up for The Agenda newsletter — the lowdown on top issues conservatives need to know about each week: https://www.heritage.org/agenda Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I'm Samantha Cheris, and this is the Daily Signal Top News for Wednesday, July 12th.
0:07.4	Here are today's headlines.
0:21.8	The Bureau of Labor Statistics released the inflation numbers for last month, and President
0:26.8	Biden is claiming victory for Bidenomics, even as economists note that inflation remains
0:33.6	higher than when the president took office.
0:36.7	First, what did the report actually say?
0:39.6	The Consumer Price Index, a key inflation measure, rose 0.2% in June.
0:46.5	The price measures for food, energy, all types of gas and shelter increase slightly, while
0:52.5	the price measures for specific types of gas decreased.
0:56.9	As did the index for used cars and trucks.
1:00.6	Good jobs and lower costs.
1:02.5	That's Bidenomics in action.
1:04.3	The president said in a statement on the report, today's report brings new and encouraging
1:09.2	evidence that inflation is falling while our economy remains strong.
1:14.9	Annual inflation has fallen each of the last 12 months and is now down to 3%.
1:21.5	Yet economists disputed Biden's rosy picture.
1:25.3	EJ and Tony, a research fellow at the Center for Data Analysis at the Heritage Foundation,
1:30.1	noted that while inflation has slowed dramatically from 40 years highs, the economy is still
1:35.8	in terrible shape.
1:37.6	Real weekly earnings are down 4.6% since January 2021, and prices are up 16% over that
1:45.5	same time.
1:47.0	Annual inflation has outpaced earnings gains for 26 of the last 30 months, Antoni added.
	...

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