Beautiful Virgin Islands

Wednesday, Jul 22, 2026

Dem congressman says monthly inflation is zero, claims US not in a recession

Dem congressman says monthly inflation is zero, claims US not in a recession

Rep. Don Beyer said in the House Rules Committee that the United States is not experiencing a recession, despite two negative growth quarters

Rep. Don Beyer said Wednesday that there was no month-over-month inflation and that the U.S. economy is not in a recession during a House Rules Committee markup on Democrats' social spending and taxation bill.

"This morning we just found out that inflation last month was 0.00%. That was the inflation from June to July," Beyer, D-Va., said.

"We've come a long way adapting to the supply chain disruptions of COVID and the Russia-Ukraine war, adapting as quickly as possible. And I was thrilled to see that GasBuddy yesterday said the average price of gasoline in America was under $4 — $3.99," the congressman continued.

Beyer's comments came after the Bureau of Labor Statistics (BLS) released the latest consumer price index numbers Wednesday morning. The agency found that due to a decline in gas prices, the monthly consumer price index change between June and July 1 was 0.0%, despite prices increasing for electricity, food, housing and more.

However, the year-over-year inflation number, according to the BLS, was 8.5%, still hovering around 40-year highs.

Like Beyer, President Biden touted the 0.0% monthly inflation number in remarks earlier Wednesday, drawing criticism from conservatives.

"It's a bogus math trick. This is the overall one-month index change," Brownstone Institute President Jeffrey Tucker tweeted. "Using the same tactic, you could also observe a one-month 19.2% increase in electricity! But of course we would not do that because that's dumb."

Beyer also during his testimony in the Rules Committee markup said that the United States in not in a recession, despite the U. S. seeing two quarters of negative growth — a generally accepted definition of a recession.


"We also note we are not in a recession, we delivered 528,000 new jobs in the month of July, 9 and a half million new jobs in the first year and a half of the Biden administration," Beyer said.

"The National Bureau of Economic Research, which is the entity formally dedicated to declare … a recession, clearly said that we are not in a recession right now," he added. "Yes, there was a small, small second-quarter dip of GDP, almost completely due to the sell-off of inventory across other businesses."

The National Bureau of Economic Research (NBER) has not yet declared the U.S. economy to be in a recession. But the group usually takes quite some time to make such a decision — for example, it declared a recession from the 2007 crash in December 2008.

It's unclear what Beyer was referring to when he said NBER said the U.S. is not in recession. It has no recent publications saying such a thing, and reports say it is still making its evaluation.

The decline in U.S. economic growth in the second quarter of the year meets the technical, but unofficial, criteria for a recession, which requires a "significant decline in economic activity that is spread across the economy and that lasts more than a few months."

The Rules Committee meeting Wednesday afternoon featured debate between Republicans and Democrats about the effect of Democrats' social spending and tax bill, including if it would help reduce inflation.

Members also feuded over tax provisions of the bill and how they will affect Americans at the onset of a recession. Republicans cited numbers from the Joint Committee on Taxation (JCT) showing that a significant burden from the taxes in the bill will fall on the middle class, including $17 billion on Americans making less than $200,000, according to House Budget Committee Ranking Member Jason Smith, R-Mo.

Rules Committee Chairman Jim McGovern, D-Mass., pushed back on that, saying the JCT numbers reflect costs that would be passed to consumers and workers from taxes on corporations. He said middle-class Americans won't actually see that reflected on their tax bills, and that he disagrees with the analysis that the burden for taxes on corporations would fall on them.

"This is not a tax increase," McGovern said.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Miliband Sets Climate and International Law at Centre of UK Diplomacy
US Gasoline Returns to $4 as Renewed Iran Fighting Disrupts Oil Flows
Czech Central Bank Governor Rejects Early Euro Entry and Rate-Cut Pressure
Trump Orders 50% Tariffs on Selected Canadian Imports
Pentagon Discloses Nearly 100 US Troop Injuries During Renewed Iran Fighting
Trump Readies New Tariffs as Temporary Global Levy Nears Expiry
EU Imposes Record €550 Million Digital Services Fine on AliExpress
London’s Housing Starts Collapse as Planning and Building Costs Stall Development
Charlie Sheen’s Daughter: "My Dad Didn’t Buy Me a House, My Breasts Bought It"
Vivienne Westwood Casts Cicciolina, 74, in Its New Autumn Campaign
Dejavu: Germany’s Military Expansion Reshapes Europe’s Strategic Balance With France
Naturally Conceived Identical Quadruplets Born in Rare Brisbane Delivery
Tate Brothers Fight British Extradition Bid After Miami Arrests
Burnham Reshapes Britain’s Government Around Living Costs, Devolution and Security
Jingye Demands Full Compensation After Britain illegally Nationalized British Steel
Just Another Liar or a Robin Hood? Andy Burnham Pledges Cost-of-Living Help in First Speech as UK Prime Minister
Morgan Stanley Builds a Wall Street Lead in AI Infrastructure Finance
High Prices Push Coffee Drinkers Toward Whole Beans and Home Brewing
Trump Draws Boos and Podium Scrutiny at Spain’s World Cup Triumph
Brilliant move: Péter Magyar Moves to Nominate Chess Grandmaster Judit Polgár as Hungary’s President
Spain Defeats Argentina in Extra Time to Win Second World Cup
Police Block Cockroach Janta Party’s March to Parliament as Education Protests Intensify
Current AI Seeks to Build an Open Global AI Infrastructure Outside Big Tech Control
Turkey Explores S-400 Transfer to UAE in Bid to Rejoin F-35 Program
Germany’s Economic Malaise Reopens the Sunday Shopping Debate
Singapore Considers Lower Taxes for Fund Managers as Hong Kong Intensifies Talent Contest
US Retaliates Against Iran After Two American Troops Killed in Jordan
Bank of Asia BVI Enters Court-Supervised Liquidation After Regulators Find It Insolvent
Proposed U.S.-Saudi Nuclear Pact Could Permit Limited Uranium Enrichment Under International Safeguards
Netherlands Declares Water Shortage Emergency After Drought Pushes Rivers to Historic Lows
Why Kentucky Fried Chicken Became KFC—and Why the False Explanations Persist
Iran Claims It Destroyed Bahrain’s Main Artificial Intelligence Center in Missile and Drone Strike
Ukrainian Drones Strike Wildberries Warehouses Deep Inside Russia
Brothers Andrew and Tristan Tate Who Turned "Toxic Masculinity" Into a Brand Arrested in Miami as Britain Seeks Their Extradition
Reported CIA Mission Helped Clear the UAE’s Path to Advanced US AI Chips
Artificial Intelligence Capital Fuels Markets While Governments and Regulators Face Mounting Strategic Tests
China’s Moonshot’s Kimi K3 Narrows the Gap With Anthropic Through Scale, Openness and Lower Cost
Gold and Cash Seizure Puts Indonesia’s Senior Anti-Corruption Prosecutor Under Investigation
The Ledger Will Not Trust on Faith
Trump Administration Pressures Banks to Restrict Financial Access for Undocumented Immigrants
Passenger Bound for Germany Refused to Sit Beside a Woman on a Plane — Then Slapped a Flight Attendant
Ukraine’s Leadership Rift Spills Into the Streets as Protesters Target Army Chief
Ukrainian Drone Barrage Kills Eight and Strikes Russian Logistics Network
The Ten World Cup Finals That Defined Football History
Smartphones Are Getting More Expensive, Sales Are Collapsing, and Even Apple Admits: "Prices Will Rise"
The Monaco Bombing Has Become a Test of Ukraine’s Intelligence Accountability
Leadership Change and Strategic Rivalry Redraw the Political Map
Energy Risk, Uneven Growth and the New Geography of Global Capital
The AI Race Enters Its Infrastructure Era
For 36 Years, He Scammed About 300 Luxury Hotels — Until He Was Caught
×