Fox News Politics Newsletter: Latest Political News from Washington, D.C. and the 2024 Campaign Trail

Welcome to the Fox News Politics newsletter! Stay informed with the latest developments from Washington, D.C., including updates from the 2024 campaign trail.

Former President Donald Trump has accused the Biden administration of a "massive scandal" after the Bureau of Labor Statistics revised downward the number of jobs created in the past two months. The revised figures show that the economy added approximately 800,000 fewer jobs than initially reported.

"This is a massive scandal," Trump said in a statement. "The Biden administration is trying to cover up their failures by manipulating the data."

Fox News Politics Newsletter: Latest Political News from Washington, D.C. and the 2024 Campaign Trail

The White House has defended the revised figures, saying that they are a more accurate reflection of the current economic conditions. The administration also pointed to the fact that the unemployment rate has fallen to a 50-year low.

However, Republicans have seized on the revised figures to criticize the Biden administration's economic policies. They argue that the administration's spending programs have led to inflation and slowed economic growth.

Fox News Politics Newsletter: Latest Political News from Washington, D.C. and the 2024 Campaign Trail

The revised job numbers come as the Federal Reserve is set to meet next week to discuss raising interest rates. The Fed has already raised rates three times this year in an effort to combat inflation.

The revised job numbers are likely to be a major issue in the upcoming midterm elections. Republicans are hoping to use the figures to make the case that the Biden administration is not doing enough to address the economy.

The White House has defended the revised figures, saying that they are a more accurate reflection of the current economic conditions. The administration also pointed to the fact that the unemployment rate has fallen to a 50-year low.

However, Republicans have seized on the revised figures to criticize the Biden administration's economic policies. They argue that the administration's spending programs have led to inflation and slowed economic growth.

The revised job numbers come as the Federal Reserve is set to meet next week to discuss raising interest rates. The Fed has already raised rates three times this year in an effort to combat inflation.

The revised job numbers are likely to be a major issue in the upcoming midterm elections. Republicans are hoping to use the figures to make the case that the Biden administration is not doing enough to address the economy.

In related news, Vice Presidential nominee Tim Walz will take the stage tonight at the Democratic National Convention. Follow our coverage for the latest updates.

Longtime New Jersey Rep. Bill Pascrell, Jr. passed away on Wednesday at the age of 87. The Democrat served 14 terms in Congress and was a strong advocate for working families.

President Biden has approved updates to the U.S. nuclear posture in response to new threats. The updates include a new focus on deterring nuclear weapons use by Russia and China.

Billionaire businessman Mike Bloomberg has donated $10 million to the Democrats' House Majority PAC. The donation will be used to help Democrats win control of the House of Representatives in the midterm elections.

Republican presidential candidate Donald Trump has rallied in North Carolina behind bulletproof glass at his first outdoor event since an assassination attempt. Trump used the rally to attack President Biden and his policies.