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FOXNEWS Special Report With Bret Baier July 7, 2024

traditional definition of being in a recession. the second quarter gross domestic product g.d.p. shrank at annual rate of nine tenths of a percentage point. that s the second straight quarterly deficit and that checks the box, historically considered as recessionary. president biden says it s no surprise the economy is slowing down because of inflation. but he insists he has the nation on the right path and, quote: it doesn t look like a recession to me. the president also spent time today on a call with his chinese counterpart in a time increasing tension with communist china. white house correspondent peter doocy starts us off tonight live from the north lawn. good evening, peter. peter: good evening, bret. the numbers are right there in black and white. the u.s. economy shrunk for a second consecutive quarter. but, until large, well-respected groups, nonpartisan groups of economists issue some sort of a formal declaration that a recession is underway, then official ....

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FOXNEWS Special Report With Bret Baier June 4, 2024 22:50:00

bret: they claim it reduces the deficit, we will see where the numbers go. we will see where the numbers go. the heavy emphasis on this is a green new deal light. what do you tell a mom who is trying to buy groceries for her kids about the necessity of a new investment in new mail trucks. green mail trucks? that is a very difficult piece of messaging for democrats to execute at this late juncture when we are dealing with and they have spent the week talking about whether or not we are in a recession trying to redefine the rules of a recession. and so, like this is an omnipresent conversation that s happening all around democrats that seem to be ignoring that. bret: to that point, the climate argument, the president has always said he wanted to get there. but at this time to get there, does it hurt them in the midterms to josh s point? i don t see how it hurts them because, look, it s the best political environment for republicans since 2010. they are facing potential bloodbath. ....

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The Economic Case for Restoring Abandoned Oil Wells

The Economic Case for Restoring Abandoned Oil Wells
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An idled pump jack, once used to extract crude oil from the ground, sits rusting above a well in a farmers field near Ridgway, Illinois. (Photo: Scott Olson/, Getty Images)
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A study published Monday in Nature Sustainability calculates that abandoned oil and gas wells cover more than 2 million acres of the U.S. And if that land is restored, it could deliver billions of dollars in benefit for a fraction of the cost of restoration. ....

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