Former President Donald Trump on Thursday gave his second news conference in as many weeks as he adjusts to a newly energized Democratic ticket ahead of next...
in as many weeks as he adjusts to a newly energized Democratic ticket ahead of next week's Democratic National Convention .
THE FACTS: Trump made numerous economic claims that were either exaggerated or misleading. Prices did surge during the Biden-Harris administration, though $28,000 is far higher than independent estimates. Moody’s Analytics calculated last year that price increases over the previous two years were costing the typical U.S. household $709 a month. That would equal $8,500 a year.
THE FACTS: Trump was referring to regulations in California that allegedly allow for theft under $950. But his claim is not correct — a 2014 proposition modified, but did not eliminate, sentencing for many nonviolent property and drug crimes.raised the minimum dollar amount necessary for theft to be prosecuted as a felony, instead of a misdemeanor, from $400 to $950.
The U.S. Department of Energy reported in October that U.S. oil production hit 13.2 million barrels per day, passing a previous record set in 2020 by 100,000 barrels. Department statistics also show that the U.S. has produced more crude oil per year than any other nation — forthe S&P 500 jumped 1.6%, its sixth gain in a row. The Dow Jones Industrial Average also increased Thursday, as did the Nasdaq composite.emerged last month following a sharp drop in hiring and higher unemployment rates.
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