RNC: ‘This Is Joe Biden’s Recession’

“This is Joe Biden’s recession,” the Republican National Committee (RNC) said on Thursday following the negative economic report, showing the U.S. economy contracting by 0.9 percent in the second quarter.

joe biden

Breitbart Business Digest: The Inflation Tax Hits Walmart

When inflation increases the cost of necessities like food and energy, it draws spending away from other parts of the economy. This dynamic – often referred to as the “inflation tax” – is now expected to take a big bite out of Walmart’s earnings.

A Wal-Mart employee walks through a parking lot as she returns to work at a Wal-Mart store on June 23, 2004, in St. Charles, Illinois. (Tim Boyle/Getty Images)