EXCERPT:
BIDEN: “Please -- please have a seat. Danielle, thank you. Before I begin today, I want to say a word about the news that came out today relative to the economy. Actually I just want to say a number, zero. Today, we received news that our economy had 0 percent inflation in the month of July, 0 percent. Here‘s what that means. While the price of some things go up -- went up last month, the price of other things went down by the same amount. The result, zero inflation last month. But people are still hurting. But it's zero inflation last month.”