China targeted Federal Reserve employees in an attempt to undermine American monetary policy: Senate report

Federal Reserve Chairman Jerome Powell said he is 'troubled' by the report's 'unfair, unsubstantiated and unverified insinuations'

Paul Best / FOXBusiness 

 

The Chinese government has targeted the Federal Reserve in an effort to undermine American monetary policy since at least 2013, according to a report released Tuesday by Republicans on the Senate Homeland Security and Government Affairs Committee. 

The report detailed the actions of several Federal Reserve employees known as the "P-Network," whose foreign travel patterns and academic backgrounds raised concerns internally. 

One of these employees was detained four times during a 2019 trip to Shanghai as Chinese officials "threatened the individual’s family unless the individual provided them with economic information and assistance." 

Other Federal Reserve employees also had "close ties" to the People’s Bank of China, Chinese academic organizations, and the state-owned Xinhua News Agency, according to the report. Read more and see video here.

Whistleblowers: FBI/DOJ Deep State Working Overtime to Protect Hunter Biden

Matt Vespa / Townhall Tipsheet

 

Let me just say I am shocked CBS News allowed this to be published. It’s from former Fox News reporter Catherine Herridge. It’s about something we all know well in the DC swamp. The Department of Justice and the Federal Bureau of Investigation are out of control. They worked hard to hamstring Donald Trump. They spied on his campaign in 2016 through Crossfire Hurricane. And they worked on manufacturing evidence to prop up a bogus story about the Kremlin tilting the election in Trump’s favor. The Russian collusion was a total myth. Then-FBI Director James Comey knew that it was a myth. He had to have known. He knew the Trump dossier was a Hillary Clinton campaign-funded opposition research project compiled by ex-MI6 spook Christopher Steele. Still, they went along with it. DOJ officials doctored evidence to secure FISA spy warrants on specific Trump campaign officials, like Carter Page.

Now, the FBI is running amok again with Hunter Biden stories. Whistleblowers have been coming out of the woodwork to Sen. Chuck Grassley (R-IA), alleging…Read more here.

DOUBLING DOWN: Joe Biden Peddles Administration's Talking Points on Not Seeing a Recession

Rebecca Downs / Townhall Tipsheet

 

On Monday afternoon, President Joe Biden took questions from the press, including from Fox News' Peter Doocy, in pointing out that GDP numbers will be coming in on Thursday, asked "how worried should Americans be that we could be in a recession." With a smile on his face as Doocy asked his question, Biden doubled down on his administration's talking points by claiming he doesn't think we will be in a recession.

"We're not gonna be in a recession in my way," Biden claimed. "We, uh, the unemployment rate is still one of the lowest we've had in human history, it's in the 3.6 [percent] area, uh, we still find ourselves with people investing. Uh, my hope is that we go from this rapid growth to a steady growth, and, uh, so we'll see some coming down. But I don't think we're going to, uh, God willing, I don't think we're going to see a recession." 

This has been a consistent narrative from the White House, as it has sought to change the definition of what a recession is, which is typically thought of as two quarters of negative GDP growth. Read more and see videos and tweets here.

The Jaw-Dropping Number of Illegal Immigrant ‘Got Aways’ Under Biden’s Watch 

Julio Rosas – Townhall Tipsheet

 

With the Biden administration’s open border policies in full swing, the number of illegal immigrant “got aways” has escalated further. On Monday, the number of people who were known to illegally enter the country but were not intercepted by law enforcement was unveiled to be over 500,000.

Known as “got aways,” sources within the Department of Homeland Security told different reporters about the drastic increase of “got aways” this fiscal year. 

Since fiscal year 2021, which was marked by the start of the Biden presidency, there have been close to one million known “got aways.” Law enforcement agencies at the southern stress these numbers are only the ones who are known to have been able to avoid apprehension and the real number of “got aways” are estimated to be much higher. Because they are not intercepted by law enforcement, it is hard to say definitively who has been able to get away since Border Patrol agents have been bogged…Read more here.

RIGHT SIDE PATRIOTS...RETURNS...LIVE!

 

Today, Tuesday, July 26th from 7 to 8:30pm EST, RIGHT SIDE PATRIOTS Craig Andresen and Diane Sori discuss 'The Webb of Knowledge'; and other important news of the day. Hope you can tune in to RIGHT SIDE PATRIOTS on https://rspradio1.com. Click 'LISTEN LIVE' starting at 6:50 pm EST with show beginning at 7pm EST.

 

White House says a second consecutive quarter of negative GDP 'unlikely' to be indicative of recession

A Republican National Committee spokesperson said that this further underscores how 'out of touch' President Biden is with Americans

Adam Sabes FOXBusiness

 

The White House Council of Economic Advisers said on July 21 that even if Friday's advance estimate of the country's GDP is negative, it's still "unlikely" to be indicative that the country is in a recession.

Recessions refer to two consecutive quarters of negative economic growth.

In a blog post, the council of economic advisers says that two consecutive quarters of falling GDP doesn't mean the country is in a recession.

"What is a recession? While some maintain that two consecutive quarters of falling real GDP constitute a recession, that is neither the official definition nor the way economists evaluate the state of the business cycle," the blog post states.

Citing figures from the National Bureau of Economic Research, the post states that their "recession indicator variables" have "exhibited strong growth in the U.S. economy since the start of the pandemic, and have continued to expand through the first half of this year."

Even if the Bureau of Economic Analysis' advance estimate of the second quarter GDP shows a negative number, the blog post says the country is likely not in a recession. Read more and see video here.

Decertify Biden’s 2020 victory, says Wisconsin Assembly election committee leader                      Daniel Chaitin / Washington Examiner

Support in Wisconsin’s State Assembly for decertifying President Joe Biden’s 2020 win in the state is growing more than 20 months after the contest.

Election committee leader Janel Brandtjen, a Republican endorsed by former President Donald Trump, released a statement on Friday prompting a rebuke from the legislator’s counterpart in the state Senate.

“Fair and honest elections are the cornerstone of our democracy and we know that the 2020 presidential election was neither fair, nor transparent,” Brandtjen said in a news release posted on Facebook. “Tyranny is at Wisconsin’s door.”

Brandtjen said she would join fellow state Rep. Tim Ramthun, a Republican candidate for governor, in pushing to overturn the last presidential election and dismissed the naysayers. “We have been told for months now that decertification is impossible, meaning there is no downside to cheating in Wisconsin elections,” Brandtjen said. “How many more times do we need to endure this election injustice?” Read more here.