Good afternoon and welcome to our Weekend Update.

I want to begin this week's update by discussing the many controversies surrounding the Biden administration.

“I think that there's no doubt about the seriousness of the problem we've got. We have a cancer within – close to the presidency, that's growing. It's growing daily.”

While that quote is from the Watergate scandal, the American people have begun applying it to current White House circumstances. A Republican majority is the only reason investigations and oversight are being conducted. I addressed the growing controversies on the floor of the U.S. House. Click hereor below to view my remarks.

Earlier this week, I joined “Mornings with Maria” on Fox Business to discuss the current state of the economy under this administration. “Bidenomics” is nothing more than excessive spending and an assault on our domestic energy industry, which is causing inflation. We also discussed John Kerry’s climate trip to China. Click here or below to watch.

Additionally, I joined “Wake Up America” on Newsmax to discuss “Bidenomics” and the weaponization of the Department of Justice. Bidenomics is the inverse of Trumpenomics. In 2019, Under President Trump, inflation wasn’t a factor, we had low-interest rates and low unemployment, and all sectors of the economy were doing well because of tax cuts and pro-growth initiatives. Bidenomics has killed our economy. Click here or below to watch.

The SEC’s pace of rulemaking, limited comment periods, aggressive implementation timelines, and lack of responsiveness to Congressional inquiries is troubling. This week, I questioned the Director of the SEC’s Division of Corporation Finance about these concerns. Click here or below to watch my remarks.

The Small Business Committee is thankful for the SBA Inspector General’s work investigating potential fraud in COVID relief programs and efforts to track down and recover the money from those who committed fraud. I supported legislation that requires the Inspector General to continue to update Congress on his investigations. Click here to watch my comments.

My fellow Republican colleagues on the House Financial Services Committee and I continue to push federal agencies to keep small businesses in mind when proposing rules. We are seeing another example of how hastily written regulations overlook the backbone of America. Click here or below to watch.

Israeli President Isaac Herzog addressed a joint session of Congress. He discussed the longstanding partnership between our two nations and the importance of keeping our relationship strong. We must stand with our great ally Israel.

I joined my colleagues in helping to celebrate Rep. Andy Barr's (R-KY) 50th Birthday this week. Rep. Barr is a patriot, and serving alongside him in Washington is an honor. I am pictured below with Majority Leader Steve Scalise and Rep. Barr.

IN NEWS YOU WON’T HEAR IN THE MAINSTREAM MEDIA: Costs are not “Lower” under “Bidenomics.”

Joe Biden keeps on lying about the economy. Today, he claimed costs are “lower” as a result of “Bidenomics.”

Absurd, and our expert fact-checkers at FactCheckBiden.com are having none of it. Check out their most recent fact check on how costs are NOT “lower” under Joe Biden.

Despite his claim to the contrary earlier today, costs are not “lower” under Biden. In fact, “Bidenomics” has led to a 16.6 percent increase in everyday costs for hard-working Americans.  

• Americans are suffering from the lasting effects of Biden’s historically high inflation, with many unable to pay bills, save for retirement, or afford rent.
  
  
  • On a year-over-year basis, inflation under Biden has averaged 6.2 percent – more than double the level of inflation seen under any of the last four presidents.
    
    
  • June’s Consumer Price Index is more than twice the rate it was when Biden took office.
    
    
• Americans are increasingly borrowing to cover daily expenses, finding their regular income is no longer enough to make ends meet.
  
  
• Nearly 25 million Americans are behind on their credit cards, auto loans, or personal loans – a number not seen since 2009.
  
  
  • Credit card balances are now at an all-time high.
    
    
• If Biden wanted lower wages and higher costs, his “Bidenomics” is working.

Bidenomics means higher taxes, excessive spending, $367 billion in new burdensome regulations with no pro-growth initiatives, an assault on American energy, and the highest inflation in 41 years. Claims that inflation is down are misleadingly predicated on last year’s inflated baseline of 9.1%. Inflation rose an additional 3% this year, and Americans are paying, on average, 12.1% more than they were in 2021. Prices remain high; Bidenomics is failing America.

Around the District:

I joined the Wyoming County Chamber of Commerce for their Midsummer Mingle. It was a great event, and I want to acknowledge Wyoming County Chamber President Gina Severcool Suydam. Pictured below (L-R) are Mike Marablle, Bill Desrosiers of Coterra Energy, Susquehanna County Commissioner Judy Herschel, Wyoming County District Attorney Joe Peters, Wyoming County Chamber President Gina Severcool Suydam, Victoria Naro Rogers from America250PA, State Representative Tina Pickett, Director of External Affairs at Coterra Energy George Stark, and Wyoming County Commissioner and America250PA County Advisory Committee Member Tom Henry.

We look forward to catching up with you next week. God Bless, and see you soon,

Dan Meuser