get out the dictionary. we ll define recession for you. here is the bottom line. the biden economy is shrinking as the fed unleashes rapid fire rate hikes to stave off the highest inflation in 40 years. let s get right to it. maria bartiromo joins us now. go ahead and give us the news because they projected .5% on the positive side. the number was a negative .9. we are now in recession and we can confirm that because it is two quarters straight of contraction. the economy shrank in the second quarter by 9/10 percent on top of shrinking in the first quarter by 1.6%. now so far all of the commentary that i m hearing is talking about a shrinking of the economy but the good news for the economy is that job growth has stayed strong. that was why some people were questioning well maybe it is different this time. it is hard to believe that job growth can be up to 300,000 in one month when you are in a recession. what s different this time is that we have an inventory build-up. a l
democrats are seeing american families, the worst inflation in 40 years, and raising them job killing tax hikes and and a war on american electricity. bill: that s mitch mcconnell on the floor just a few moments ago reacting to the deal between senators manchin and schumer. that proposal includes more than $370 billion in what s considered energy and climate initiatives along with $313 billion in new corporate taxes. a lot. bret baier host of special report with us now. hello to you. take us through it. what are you hearing about manchin, schumer, where this came from? i think they ve been talking for a long time as with their staffs and going back and forth on the possibilities. remember the first build back better bill was massive. it was huge. this is scaled back but still pretty significant. more than $700 billion and it comes from largely raising the
make a statement of virginia is back in this early voting i think has been something that we embraced, we embraced, we encouraged everybody to get out there, bring ten friends and let s make a statement that republicans can vote early too. if sean: we are going to be watching, glenn youngkin, it s going to be a very interesting day. you pull this off tomorrow, it is a political earthquake that the entire country will hear, it will resonate from coast-to-coast. we are going to be watching very closely. we wish you all the best tomorrow and hope people in virginia get out and vote, every vote matters, everyone needs all hands on deck. thank you for being with us. now we head to the state of new jersey where in the final hours, polls have now tightened within the margin of error with republican gubernatorial candidate jack ciattarelli now closing the gap against democratic incumbent phil murphy and promising to undo murphy s job killing tax hikes, put a freeze on property taxes, reform
terry mcauliffe. and so we think we did very well in early voting we expect to do very well tomorrow, we are going to sweep our statewide office and march to victory and bring in a new house of delegates and make a statement of virginia is back in this early voting i think has been something that we embraced, we embraced, we encouraged everybody to get out there, bring ten friends andte s let s make a statement that republicans can vote early too. sean: we are going to be watching, glenn youngkin, it s going to be a very interesting day.e, you pull this off tomorrow, it is a political earthquake that the entire country will hear, it will resonate from coast-to-coast. we are going to be watching very closely.as we wish you all the best tomorrow and hope people in virginia get out and vote, every vote matters, everyone needs all hands on deck. thank you for being with us. now we head to the state of new jersey where in the final hours, polls have now tightened within theve margin of er
combination of job killing tax hikes and woke fascism that will destroy our nation. and to think that we had 11 republicans go along with an ext extension. headed up by mitch mcconnell. can you believe that? mitch mcconnell. he s talking about the debt limit there. joining me now is scott jennings, cnn commentator and former special assistance to george w. bush. nice to see you. the debt limit discussion aside, i don t want to talk about the policy of that, but what we have here is a contest between trump and mcconnell that has been fears in the making. you say they have fundamentally different aims. yeah. mcconnell s aims are simple. it is to regain control of the senate and do whatever he has to do to stifle the democratic agenda until republicans are