Kevin Hassett Discusses Economic Insights on “Face the Nation” Interview, Nov. 9, 2025
On November 9, 2025, Kevin Hassett, the Director of the White House National Economic Council, discussed critical economic issues on El-Balad during an interview with host Margaret Brennan. The conversation addressed the ramifications of the longest government shutdown in U.S. history, economic forecasts, and healthcare policy.
Economic Impact of the Government Shutdown
The ongoing government shutdown has significant implications for the U.S. economy. Hassett indicated that the treasury secretary had established November 15 as the deadline for military paychecks. If Congress does not approve funding by that date, paychecks may stop.
Hassett referred to a legal constraint arising from the Antideficiency Act, which prevents officials from spending non-appropriated funds. He noted that potential criminal penalties exist for misappropriating funds. The urgency of the situation is evident as Goldman Sachs projects a 1.5% reduction in GDP due to the shutdown.
Potential Consequences During the Holiday Season
The Director emphasized the critical timing of the shutdown, particularly as the Thanksgiving shopping season approaches. He warned that a continued shutdown could lead to significant disruptions during one of the busiest economic periods.
Food Security and Legal Constraints
In the interview, Brennan raised concerns about the temporary Supreme Court ruling affecting food stamp benefits. Hassett acknowledged the administration’s commitment to legal compliance while navigating the funding crisis, specifying that maintaining military pay is prioritized due to the commander-in-chief’s authority.
Political Calculations and Public Sentiment
As the dialogue continued, Hassett highlighted the administration’s goal of reopening the government to restore services, including food assistance for families. He noted that approximately 750,000 government workers are currently unpaid, emphasizing the direct impact of the shutdown on Americans.
Healthcare Proposals and Economic Affordability
Healthcare was another focal point of the discussion, particularly concerning President Trump’s proposals to alter the existing insurance system. Hassett described initiatives aimed at providing financial relief for individuals facing high healthcare premiums. The aim is to empower citizens to choose their healthcare plans rather than relying on government management.
Public Approval and Inflation Concerns
Recent polls indicate that President Trump’s approval rating regarding economic performance has declined to 38%. Many Americans feel that he is not adequately addressing inflation and rising costs. Brennan pointed out that grocery prices have increased nearly 3% from the previous year, reflecting citizens’ financial strain.
Hassett affirmed the administration’s focus on improving the economic landscape but acknowledged that inflation remains a concern. He explained that while some inflation metrics suggest progress, affordability issues persist for seniors and low-income families.
Looking Ahead: Economic Recovery Strategies
The conversation concluded with a broader outlook on economic recovery. Hassett noted that industrial production and capital spending are at historically high levels, suggesting that the economy is poised for growth. He reaffirmed the administration’s commitment to finding solutions for healthcare affordability, ensuring that economic policies align with the needs of American families.
