Representative Kevin Hern (OK-01) released the following statement after this morning’s announcement that the U.S. GDP shrank in the 2nd quarter, meeting the technical definition of a recession.
“I’m really sad to have been proven right about this recession,” said Rep. Hern. “This isn’t something anyone wants, but you don’t need a fancy economics degree to have seen… Read more »
The U.S. economy has shrunk for a second straight quarter, at an annual rate of 0.9 percent, raising concerns that the country may be heading into a recession and compounding the Biden administration’s political challenges as it grapples with decades-high inflation.
The new figures, released Thursday by the Bureau of Economic Analysis, come at a tumultuous time for the economy, though… Read more »
President Joe Biden’s administration is taking heat for apparent attempts to mask the meaning of a second consecutive quarter of negative growth for the U.S. economy.
While economists’ rule of thumb for a recession has typically been two consecutive quarters of negative GDP growth, the White House has recently argued that a second quarter of negative GDP growth does not necessarily… Read more »
Washington, D.C. -- U.S. Representative Kevin Hern released the following statement after voting against House Resolution 8294, which he described as "the Democrats’ partisan funding package."
“Again, I voted against further bloated spending from the federal government,” said Hern, a Tulsa Republican serving in Congress.
“Congressional Democrats have learned nothing over… Read more »
Representative Kevin Hern (OK-01) released the following statement after voting against HR 8294, the Democrats’ partisan funding package.
“Again, I voted against further bloated spending from the federal government,” said Rep. Hern. “Congressional Democrats have learned nothing over the last two years – or worse, they’re willfully driving inflation higher with every new… Read more »
WASHINGTON - Oklahoma Congressman Kevin Hern is on a mission to cut federal spending, which he said has been ‘out of control’ under President Biden.
“Incredible spending,” said Hern (R-OK1) in an interview Tuesday. “We know that inflation has been caused by excessive spending and now we’re seeing a rise of some 10 to 20 percent.”
Rep. Hern is referring to the FY 2023 budget proposed… Read more »
Representative Kevin Hern (OK-01) released the following statement after the Bureau of Labor Statistics released the Consumer Price Index for June, showing inflation is 9.1% higher than last year and wages are down 4.8% since the start of Biden’s presidency.
“Inflation continues to ravage American consumers and families,” said Rep. Hern. “The Biden Administration… Read more »
Washington, D.C. - American consumers are feeling the pain of prices increases not seen since the early 1980’s, with inflation hitting 9.1 percent for the month of June, according to the Bureau of Labor Statistics.
The index’s surge reflects price increases across a wide range of sectors, but most notably in food prices, which are up 12.2% compared with a year ago, and energy costs,… Read more »
Tulsa, Oklahoma – U.S. Representative Kevin Hern of Tulsa provided The Oklahoma City Sentinel and other news organizations a statement concerning his work in the First Congressional District before returning to Washington D.C. for legislative session.
“Oklahomans are concerned for our country” said Rep. Hern in a statement.
“I have spent the last few weeks talking to… Read more »
A bill introduced by Republicans on the House Ways and Means Committee to track criminal fraud in connection with unemployment insurance during the pandemic is being ignored by the Biden administration and Democrats because it will hinder their calls to spend billions of dollars more, Rep. Kevin Hern, a member of the committee, told Newsmax on Thursday.
"[Chuck] Schumer and Nancy… Read more »