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On this "Face the Nation with Margaret Brennan" broadcast, moderated by Margaret Brennan:
- Nobel Peace Prize victor María Corina Machado
- Sen. Mark Warner, Democrat of Virginia
- White House National Economic Council Director Kevin Hassett
- Sen. Bill Cassidy, Republican of Louisiana
Click here to browse afloat transcripts from 2025 of "Face the Nation with Margaret Brennan."
MARGARET BRENNAN: I'm Margaret Brennan successful Washington.
And this week connected Face the Nation: breaking overnight, wide shootings astatine Brown University and present astatine a Hanukkah solemnisation successful Australia.
Plus, our exclusive interrogation with Venezuelan absorption person and Nobel Peace Prize victor Maria Corina Machado.
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MARGARET BRENNAN: Yesterday, the commandant successful main paid tribute to our nation's finest successful that time-honored American tradition, the Army-Navy shot game.
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DONALD TRUMP (President of the United States): We each set?
ANNOUNCER: It is tails.
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MARGARET BRENNAN: Army won the coin toss, but Navy won the crippled connected what was a sobering Saturday. Earlier, President Trump said the U.S. would respond to an ISIS onslaught successful Syria that killed 2 American soldiers and a civilian interpreter.
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QUESTION: Will the U.S. retaliate against ISIS?
PRESIDENT DONALD TRUMP: Yes, we will.
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MARGARET BRENNAN: As the overseas argumentation challenges proceed for Mr. Trump, truthful bash Americans' concerns astir precocious prices, peculiarly achy this twelvemonth arsenic the vacation buying play peaks.
At slightest 20 cardinal Americans besides look skyrocketing wellness attraction premiums nether Obamacare successful the caller year. We volition speech with White House main economical advisor Kevin Hassett, Louisiana Republican Senator Bill Cassidy, and Virginia Democratic Senator Mark Warner.
Plus, successful a speech you volition spot lone connected CBS, Venezuelan absorption person Maria Corina Machado tells america wherefore she's truthful committed to ideology successful her country, contempt the risks she faces.
It's each conscionable up connected Face the Nation.
Welcome to Face the Nation.
On this archetypal time of Hanukkah, a horrific country is unfolding astir 10,000 miles distant successful the suburbs of Sydney, Australia, wherever gunmen attacked a Jewish vacation gathering astatine the city's Bondi Beach, a fashionable tourer spot.
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MARGARET BRENNAN: At slightest 11 radical person been killed and different 29 injured successful an onslaught the Australian premier curate has called an enactment of evil, antisemitism and terrorism.
Video footage appears to amusement 2 gunmen connected a bridge, 1 of them firing his weapon. Another clip shows what appears to beryllium a bystander tackling and disarming 1 of the gunmen. Police corroborate determination were astatine slightest 2 suspects. One is dead, the different hospitalized pursuing the attack, and they are looking into the anticipation of further suspects.
Here successful the U.S., Saturday marked what's astatine slightest the 39th schoolhouse shooting connected a assemblage field this year.
CBS News analogous Tom Hanson reports from Providence, Rhode Island, from the Brown University campus, wherever the onslaught occurred.
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TOM HANSON (voice-over): After a nighttime connected lockdown astatine Brown University…
BRETT SMILEY (D-Mayor of Providence, Rhode Island): We person detained a idiosyncratic of involvement progressive successful yesterday's shooting.
TOM HANSON: … this morning, a little exhale for a field inactive connected edge.
MAYOR BRETT SMILEY: Seven individuals successful unchangeable condition, 1 successful critical, but unchangeable condition, and 1 has been discharged.
EMERGENCY DISPATCH: It is simply a confirmed shooting.
TOM HANSON: The archetypal calls came successful conscionable aft 4:00 p.m. Saturday.
EMERGENCY DISPATCH: I'm being advised 167 Brook successful the building, successful the stairway, there's a idiosyncratic shot.
TOM HANSON: The assemblage president says the shooting took spot successful the mediate of a last exam reappraisal league astatine the university's engineering and physics building.
MAN: And determination was a immense effect immediately. You tin conscionable look retired the window, there's tons of bull cars, tons of occurrence trucks. It was a lot.
TOM HANSON: As immoderate students evacuated, Brown's campus, usually unfastened and walkable, became a spot to hide, the consciousness of information astatine this Ivy League instauration present broken.
CHRISTINA PAXSON (President, Brown University): We person a batch of betterment up of us. So my main extremity successful the coming days and weeks and months, it volition instrumentality a agelong time, is to bring radical backmost unneurotic and assistance them consciousness harmless and unafraid connected campus.
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TOM HANSON: And determination is inactive nary connection yet connected a motive, but, according to 1 instrumentality enforcement source, the idiosyncratic of involvement is 24 and did not be Brown University.
Now, meanwhile, each remaining last exams person been postponed arsenic investigators enactment with prosecutors to cod much grounds and behaviour much interviews – Margaret.
MARGARET BRENNAN: That's Tom Hanson reporting from Providence, Rhode Island.
We crook to our exclusive speech with Venezuelan absorption person Maria Corina Machado, who spoke to america Friday from Oslo, wherever she conscionable received the Nobel Peace Prize. To get there, she traveled secretly by land, oversea and air, arsenic she faces apprehension by the Maduro regime.
We wanted to perceive astir that journey, but she refused to speech astir it, citing information concerns for those who helped her, though she has antecedently said she received enactment from the U.S. government.
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MARIA CORINA MACHADO (Venezuela Opposition Leader): I americium not going to springiness much accusation regarding my travel to Norway.
But what americium I going to say, however important it is for the Venezuelan people. This is simply a designation to a federation that has fought tirelessly, courageously against a transgression narco-terrorist structure. And – and I came to person that prize, that award, and I'm going to bring it backmost location to the Venezuelan radical arsenic soon arsenic possible.
MARGARET BRENNAN: You accidental you're going backmost home. I cognize you sent your ain children retired of Venezuelan territory successful bid to support them, your sons, your daughter.
Are they acrophobic that you program to instrumentality to Venezuela? When are you going?
MARIA CORINA MACHADO: Well, of people they are concerned, arsenic immoderate different Venezuelan kid that has their parents oregon relatives backmost successful our country, due to the fact that the regime, arsenic I said, has persecuted, tortured, killed, disappeared thousands of Venezuelans.
And, recently, it has turned adjacent much violent, because, you know, erstwhile – erstwhile a transgression authorities is falling isolated and they cognize their days are numbered, they crook adjacent much aggressive, adjacent much violent.
MARGARET BRENNAN: Can you assistance america recognize what is going on? Because we are seeing present successful the U.S. an summation successful the unit campaign, much sanctions connected Venezuelan individuals and vessels. We saw an equipped seizure of a vas carrying lipid retired of Venezuela.
Selling lipid connected the achromatic marketplace is truly important wealth for the Maduro regime. Do you endorse this thought of much seizures and perchance adjacent a blockade?
MARIA CORINA MACHADO: Look, I perfectly enactment President Trump's strategy.
And we, the Venezuelan people, are precise grateful to him and to his administration, due to the fact that I judge helium is simply a champion of state successful this hemisphere. And that's wherefore – and I accidental this from Oslo close present – I person dedicated this grant to him, due to the fact that I deliberation that helium yet has enactment Venezuela successful wherever it should be, successful presumption of a precedence for the United States' nationalist security.
And we bash enactment these actions because, Margaret, we are facing not a accepted dictatorship. This is simply a precise analyzable transgression operation that has turned Venezuela into a harmless haven of planetary transgression and violent activities, starting with Russia, Iran, Cuba, Hezbollah, Hamas, the Colombian guerrilla, the cause cartels operating freely and directed successful concern with Maduro and his regime.
And, arsenic each transgression operation is – suffers is erstwhile the inflows from their transgression activities are cut. And these, successful the lawsuit of Maduro regime, comes from the lipid achromatic market, to cause trafficking, golden smuggling, arms smuggling, adjacent quality smuggling and trafficking.
MARGARET BRENNAN: It sounds similar you enactment much sanctions and perchance much seizures of oil. But isn't determination a hazard that cutting disconnected wealth volition further wounded the already impoverished radical of Venezuela? Isn't that a risk?
MARIA CORINA MACHADO: Of course, what we're doing is for the well-being of the Venezuelan people. What we privation to bash is to prevention lives.
But Maduro was the 1 who declared a warfare connected the Venezuelan people, a warfare we didn't want, a warfare we are suffering with hundreds of thousands of killings and forced executions successful the past years. And, close now, I privation to beryllium precise wide with the planetary community.
The resources Maduro gets are not going to schools oregon hospitals. In Venezuela, a teacher earns $1 a day. Pensions are little than $1 a month. Our children spell doubly a week to school. The sources, the currency the authorities gets from these amerciable activities goes to bargain arms, to wage pack members, to spy and infiltrate, and to adjacent further summation their amerciable narcotics activities and truthful on.
So these resources are not going for to – towards the people. They're going for corruption and crime.
MARGARET BRENNAN: So it sounds similar you privation adjacent much seizures and a blockade. Is that correct?
MARIA CORINA MACHADO: We privation each ineligible enactment done instrumentality enforcement approach, not lone from the United States, besides from different Caribbean, Latin American and European countries, that further artifact the amerciable activities of the regime.
Why? Because we request to summation the outgo of staying successful powerfulness by force. Once you get to that constituent successful which the outgo of staying successful powerfulness is higher than the outgo of leaving power, the authorities volition autumn apart. And it's the infinitesimal wherever we, you know, beforehand into a negotiated transition, which is what successful the opening we offered Maduro erstwhile we won the statesmanlike predetermination by a landslide past year.
But helium not lone refused that option, but he, arsenic you know, unleashed the worst, astir brutal repression question we've seen successful our history.
MARGARET BRENNAN: And 8 cardinal Venezuelans person fled…
MARIA CORINA MACHADO: That's correct.
MARGARET BRENNAN: … since helium came to power, during that time.
But, successful presumption of the diplomacy, President Trump spoke with Maduro himself past month. We haven't seen immoderate evidence, though, that diplomacy, a negotiated exit similar you mentioned, is happening. Are you seeing diplomatic success?
MARIA CORINA MACHADO: Well, successful the past years, Venezuela has seen 17 dialog initiatives, not once, not twice, 17.
Every azygous time, the absorption oregon our allies oregon the United States person complied with each azygous happening we offered. The authorities of the state has violated each azygous happening they offered connected their ain part. What did they get? They got time. They got legitimacy. They got money.
And that's precisely what they deliberation they tin get again – erstwhile again. But, certainly, things person changed precise overmuch successful the past months. Venezuela is simply a full antithetic country. I mean, Maduro is weaker than ever. The equipped forces, constabulary are surely divided and fractured, and our state is united, cohesive.
And we yet person the administration, successful this case, President Trump, with a wide strategy that genuinely represents a credible menace for the regime. So if we had – ever had a accidental to yet determination up into – towards ideology successful our country, it's today.
MARGARET BRENNAN: What grounds bash you person that the subject is weaker than ever? Was your flight impervious of that?
MARIA CORINA MACHADO: We've seen much and much members of the subject uncovering ways to link with us, to nonstop messages to – to – to amusement that they are feeling the aforesaid of what the remainder of the state is feeling.
When – erstwhile they – this subject spell backmost home, they find their children, their mother, their partners saying that they are hungry, that they are persecuted, that their families person been divided. They are scared. Yes, they are scared, due to the fact that repression and persecution successful the subject is adjacent tougher than connected civilians.
MARGARET BRENNAN: So, President Trump said that onshore strikes to halt cause trafficking specifically volition commencement soon. He has been saying that for weeks. Do you cognize what helium is talking about? And has helium promised you anything?
MARIA CORINA MACHADO: No, I don't know. And well, if I knew, I wouldn't accidental it, of course. But it's not the case.
We are not progressive and we volition not get progressive into different nation's argumentation for their ain nationalist security.
MARGARET BRENNAN: But would you invited U.S. subject action?
MARIA CORINA MACHADO: I volition invited much and much unit truthful that Maduro understands that helium has to go, that his clip is over.
And I volition importune thing that I person said respective times before. This is not accepted authorities change. This cannot beryllium compared to different cases, similar countries successful the Middle East. We had an election. Regime alteration was already mandated by implicit 70 percent of the population. And what we request is enactment to enforce that decision.
MARGARET BRENNAN: Well, however bash you quadrate subject enactment with receiving a Peace Prize? Are we astatine the constituent it's necessary?
MARIA CORINA MACHADO: Well, what we're warring for is precisely state successful bid to person democracy, and ideology successful bid to person peace.
And successful bid to support state and to execute freedom, you bash request strength. The contrary would beryllium the bid of the dead, successful which you person a state nether implicit oppression and simply giving in. And that's not the case.
It's perfectly absurd that you spot a regime, a transgression authorities similar Maduro, that gets enactment from Russia oregon from Iran, and past inquire the Venezuelan radical not to inquire enactment from antiauthoritarian countries and antiauthoritarian leaders.
MARGARET BRENNAN: Yes.
MARIA CORINA MACHADO: That's implicit absurd. We bash not person arms. We person our will. We person the powerfulness of enactment and the powerfulness of love, which, astatine the end, I person to accidental that bid is yet an enactment of love.
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MARGARET BRENNAN: The Maduro authorities maintains it won the past predetermination and considers Machado a fugitive. The authorities besides refers to U.S. actions arsenic amerciable and brutal interventionism.
In our adjacent half-hour, we volition talk with Machado astir what's up successful a imaginable post-Maduro epoch successful Venezuela.
And we volition beryllium backmost successful 1 minute, truthful enactment with us.
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MARGARET BRENNAN: And we're present joined by the apical Democrat connected the Senate Intelligence Committee, Mark Warner of Virginia.
Senator, were you persuaded determination by Maria Corina Machado's statement that subject action, unit is virtuous and necessary?
SENATOR MARK WARNER (D-Virginia): Well, archetypal of all, fto maine – astatine the apical of the show, we person got this tragic shooting astatine Brown University and past this evidently governmental onslaught against the Jewish assemblage successful Australia, some horrible, and peculiarly connected the archetypal time of Hanukkah, which is the solemnisation of airy implicit darkness.
MARGARET BRENNAN: Yes.
SENATOR MARK WARNER: And, boy, we could usage a small much airy these days.
Ms. Machado is simply a hero. She deserves to triumph the Nobel Prize. And 1 of the mistakes the Biden medication made past year, erstwhile the absorption candidates won overwhelmingly, was not enactment much unit connected Maduro past to leave. But the enactment present that Trump has chosen Maduro, who's a atrocious guy, and saying – and I'm not definite what his argumentation is, but astatine the precise aforesaid clip is pardoning, for example, a Honduran erstwhile president who was convicted successful America of cause running.
MARGARET BRENNAN: Right.
SENATOR MARK WARNER: The president, who has not been consenting to basal up beardown against Putin, who's astir apt the astir brutal authoritarian person successful the world, arsenic we spell connected and disconnected with Ukraine.
I deliberation it's – yes, it'd beryllium large to get escaped of Maduro. But successful presumption of the question…
MARGARET BRENNAN: Yes.
SENATOR MARK WARNER: … Donald Trump has not travel to the American radical and said, present are our goals successful Venezuela. We person got troops perchance successful harm's way. We person got vessel actions, for example, wherever we're blowing up boats wherever we tin evidently interdict, arsenic we saw with the lipid tanker.
I deliberation the president needs to marque the lawsuit if he's going to effort to enactment boots connected the crushed successful Venezuela.
MARGARET BRENNAN: Well, astatine this point, each they have, arsenic I recognize it, asked for and justified to Congress were these strikes connected the alleged cause boats, thing with sovereign territory yet.
But that gets to your statement about, what is the extremity goal? Unlike different Democrats, erstwhile it comes to the cause boats, you person said you're not acceptable to telephone them warfare crimes, peculiarly what happened connected the September 2 treble pat strike. You person questioned Admiral Bradley.
I cognize you privation the video released to the public. What bash you deliberation that's going to amusement to the public? What volition that change?
SENATOR MARK WARNER: Well, I deliberation the video is chilling, disturbing, immoderate word you privation to use.
MARGARET BRENNAN: Why?
SENATOR MARK WARNER: Because the thought of these 2 survivors hanging connected to remnants of a boat, and past America taking a bid of further strikes. The Congress needs to spot it, astatine the precise minimum. I deliberation the American nationalist needs to spot it.
MARGARET BRENNAN: You person seen it?
SENATOR MARK WARNER: I person seen it. It is – it is…
MARGARET BRENNAN: Only a constricted fig have.
SENATOR MARK WARNER: It is extraordinarily chilling.
MARGARET BRENNAN: Yes.
SENATOR MARK WARNER: What I'm saying is, erstwhile you marque the accusation of warfare crime, you can't instrumentality that back.
MARGARET BRENNAN: Right.
SENATOR MARK WARNER: And truthful what I person said…
MARGARET BRENNAN: But galore of your Democrat colleagues have.
SENATOR MARK WARNER: And I cognize that.
That's wherefore I person said to the president of the Joint Chiefs, I privation to spot the written execution order. I privation to spot the ineligible sentiment that was astir this circumstantial strike. I privation to cognize whether the overarching argumentation memorandum, which was not finished until September 5, 3 days aft the strike, was it changed?
MARGARET BRENNAN: You – I saw you said that that's not typical, is it? Don't you usually travel up with the ineligible justification earlier you instrumentality the action, alternatively than 3 days aft it?
(CROSSTALK)
SENATOR MARK WARNER: Well, this is wherever I person a question.
The justification was made successful precocious July. They didn't constitute it down until September 5.
MARGARET BRENNAN: Why?
SENATOR MARK WARNER: Can – I don't person the answer.
I besides privation to spot the after-action report. I privation to springiness the subject each accidental to marque their case, due to the fact that erstwhile you – again, erstwhile you marque that claim, what it would bash to however we presumption our military, morale, however we're viewed successful the world, it's truthful important.
But this president has not – and, frankly, Pete Hegseth adjacent worse. Here's the feline who goes retired and brags astir the strikes, until there's controversy, and past helium benignant of runs for the hills.
MARGARET BRENNAN: Well, the president said again this week – and I volition conscionable work it to you – that onshore strikes connected Venezuela are being considered.
"Land strikes connected horrible radical that are bringing successful drugs and sidesplitting our people. It doesn't needfully person to beryllium successful Venezuela. It's radical that are bringing successful drugs to our state arsenic targets."
Have you seen immoderate ineligible justification to deed these radical present designated arsenic terrorists connected sovereign territory, whether it's Mexico oregon Colombia oregon Venezuela?
(CROSSTALK)
SENATOR MARK WARNER: The immense bulk of the cause – peculiarly – this is each cocaine. This is not fentanyl. The vast…
MARGARET BRENNAN: In presumption of the cause boats that they hit.
SENATOR MARK WARNER: The immense bulk is really successful the Eastern Pacific, yet astir of the strikes person been successful the Caribbean.
MARGARET BRENNAN: Right.
SENATOR MARK WARNER: And does this mean that abruptly you're going to beryllium unfastened warfare with each of American subject against immoderate and each cause dealers?
Again, the cause dealers are awful. We request to bash each we tin to halt them. But the president, erstwhile helium puts American forces perchance successful harm's way, needs to travel and explicate to the American radical what the extremity is here.
MARGARET BRENNAN: OK.
SENATOR MARK WARNER: Particularly erstwhile he's then, astatine the aforesaid breath, pardoning the erstwhile president of Honduras, who is simply a convicted cause dealer.
MARGARET BRENNAN: In presumption of designated terrorists, ISIS is simply a designated violent group. We conscionable saw the archetypal combat deaths, essentially, of the Trump medication yesterday, 3 Americans killed, 3 injured successful Syria successful this evident ambush.
The caput of the National Counterterrorism Center said it was an insider attack. Are you supportive of keeping the astir 1,000 U.S. troops successful Syria? Do you person concerns that the Syrian authorities isn't capable to support these infiltrators out?
SENATOR MARK WARNER: Well, archetypal of all, condolences to the 3 Americans' families, equipped forces members, 1 an interpreter.
I deliberation our troops person played an important role. We are moving intimately with, for example, the Kurds. We person virtually tens of thousands of ISIS household members successful definite prisons successful that area. But the president…
MARGARET BRENNAN: So, you privation that to continue?
SENATOR MARK WARNER: But the president – I deliberation pulling retired without a program would beryllium a mistake, but the president, again, has sent mixed signals.
I mean, months ago, helium said he's reasoning astir taking each those American soldiers retired without articulating a strategy. I mean, the president, if helium wants to marque the lawsuit to the American radical of erstwhile our soldiers are successful harm's way, and peculiarly erstwhile we're talking astir the Caribbean, and present imaginable Venezuela, this has not been an overnight – this buildup of forces been months.
He owes it to each of america to travel successful and explicate what his extremity is.
MARGARET BRENNAN: Domestically, we person Senator Cassidy connected the program. We taped with him earlier.
He says he's looking for chap Democrats to articulation him successful a wellness attraction woody by March to marque these wellness savings accounts. And helium said helium volition connection to widen the existing subsidies for wellness attraction premiums.
SENATOR MARK WARNER: Well, archetypal of all…
MARGARET BRENNAN: Would you beryllium connected committee with that?
SENATOR MARK WARNER: … we person got a situation that hits arsenic of Monday, tomorrow.
MARGARET BRENNAN: Right.
SENATOR MARK WARNER: Because that's erstwhile radical person to motion up.
MARGARET BRENNAN: He says, retroactively, you tin bash it.
SENATOR MARK WARNER: Well, listen, it's a mess.
Once you person signed up oregon you person dropped retired of the system, the thought that you're retroactively going to hole it, hole it now, truthful radical don't spell into Christmas reasoning they're going to not cognize if they volition beryllium capable to spend wellness care. And the notion…
MARGARET BRENNAN: But thing is happening.
SENATOR MARK WARNER: But the conception that what – and Bill Cassidy is simply a bully guy. I person worked with him successful a batch of antithetic efforts.
But the thought that a one-time $1,500 outgo into your pouch is going to abruptly marque up – I had a idiosyncratic connected – the different day, her existent security is $544 a month.
MARGARET BRENNAN: Yes.
SENATOR MARK WARNER: It'll spell up to implicit $1,500 a month.
A one-time $1,500 outgo is not going to conscionable her needs…
MARGARET BRENNAN: Yes.
SENATOR MARK WARNER: … and peculiarly if that would mean that things similar preexisting information protections would disappear.
MARGARET BRENNAN: That sounds similar you're not connected committee successful these remaining days of 2025.
Senator, I person to…
SENATOR MARK WARNER: Fix the situation close now. Extend the subsidies, and past let's statement however we hole it.
MARGARET BRENNAN: Yes, we person to – we person to permission it there.
Thank you, Senator.
We volition beryllium close back.
(ANNOUNCEMENTS)
MARGARET BRENNAN: We volition beryllium close backmost with a batch much Face the Nation.
Stay with us.
(ANNOUNCEMENTS)
MARGARET BRENNAN: Welcome backmost to "FACE THE NATION." We're joined present by the manager of the National Economic Council, Kevin Hassett.
Good to person you back.
KEVIN HASSETT (National Economic Council Director): It's large to beryllium back.
MARGARET BRENNAN: So, radical are vacation shopping. They're alert of prices. The president said this week prices are coming down tremendously. The latest data, though, from the Consumer Price Index is up 3 percent twelvemonth implicit year, Personal Consumption Index is up 2.8 percent twelvemonth implicit year. What information is helium looking at? What's your benchmark?
KEVIN HASSETT: Right. Well, 1 the things that, if you saw his presumption successful Pennsylvania, arsenic helium enactment up a clump of charts, which helium loves to do, wherever helium went done the idiosyncratic items that person – we've already benignant of made a clump of advancement on.
And so, for example, nether Joe Biden, medicine drugs were up 9 percent. So acold this twelvemonth they're down 0.6 percent. Gasoline is mode down. It was similar the highest ever nether Biden.
MARGARET BRENNAN: Eggs. He was talking astir eggs. Yes.
KEVIN HASSETT: Yes, helium was talking astir eggs.
And so, I deliberation the – the mode to deliberation astir inflation, of course, is that determination are similar micro effects, similar the clip that we had the avian flu affecting cause prices.
MARGARET BRENNAN: Right.
KEVIN HASSETT: And past macro effects, which is runaway spending, large deficits and an accommodated Fed policy. And I deliberation that –
MARGARET BRENNAN: And present tariffs adding to immoderate terms increases according to the Fed chair.
KEVIN HASSETT: Well, I – you know, I deliberation that the tariff grounds is mixed. But the constituent is that we've got shortage going way, mode down. So, close now, it's looking similar the shortage for this twelvemonth volition beryllium $600 cardinal little than it was past year. That truly helps little inflation. We've got the commercialized shortage chopped successful fractional from past year. And truthful each these things are things that should proceed to determination america towards the Fed people of 2 percent.
MARGARET BRENNAN: Companies aren't needfully going to bring items down, though, successful presumption of pricing, right? I mean the president told "The Wall Street Journal," helium didn't cognize erstwhile each of this money, quote, "is going to footwear in." I deliberation helium was talking to concern business and tariffs, "and assistance voters. All I tin bash is my job."
When bash you expect voters volition consciousness this affirmative impact?
KEVIN HASSETT: Right. Well, it's decidedly the lawsuit that – and you guys person been covering it a lot, that user sentiment close present is little than anyone would like.
MARGARET BRENNAN: Right.
KEVIN HASSETT: But, you know, we find that that precise often happens during a authorities shutdown, wherever everybody's truly upset.
MARGARET BRENNAN: Well, the past medication called that the vibe session, right?
KEVIN HASSETT: No, but –
MARGARET BRENNAN: The data's good, but radical consciousness bad.
KEVIN HASSETT: But what happened – yes, but what's going to hap is –
MARGARET BRENNAN: Same thing, you're saying?
KEVIN HASSETT: No, what's going to hap – I'm not saying that. What I'm saying is that radical are going to spot the precocious growth. Growth is 4 percent. Income maturation is up astir $1,200 this year. People look successful their wallets and spot they're doing better, which is wherefore we had the biggest Black Friday ever. And truthful on.
And so, I deliberation that the sentiment –
MARGARET BRENNAN: But that's much higher incomes.
KEVIN HASSETT: The sentiment volition drawback up with the reality. Under Joe Biden the information is that existent purchasing powerfulness dropped by astir 3,000. So acold this twelvemonth it's up by astir $1,200 per family. And the wealth that we're talking astir is similar existent money. So, for groceries, it went from $400 a period to $525 a period nether Biden. So, that's similar an other much than 1000 dollars a twelvemonth you person to walk connected groceries.
MARGARET BRENNAN: Uh-huh.
KEVIN HASSETT: It's down this twelvemonth for us, the market package. But it's inactive got a batch of country to turn – oregon to go.
MARGARET BRENNAN: A batch much to go.
KEVIN HASSETT: Yes.
MARGARET BRENNAN: And the president reduced immoderate tariffs connected immoderate of those market items with an oculus towards that acknowledgement.
KEVIN HASSETT: On the nutrient stuff. Yes, if we don't marque it here, past beauteous overmuch we don't tariff it.
MARGARET BRENNAN: Let maine inquire you – you mentioned gas.
KEVIN HASSETT: Uh-huh.
MARGARET BRENNAN: Oil prices globally are comparatively low.
KEVIN HASSETT: Uh-huh.
MARGARET BRENNAN: We saw this Coast Guard interdiction with subject forces boarding and seizing this vas disconnected the seashore of Venezuela.
KEVIN HASSETT: Correct.
MARGARET BRENNAN: Do you consciousness you person the leeway there, pricing-wise, to behaviour much seizures, oregon adjacent a blockade of lipid from Venezuela?
KEVIN HASSETT: Well –
MARGARET BRENNAN: Without it hurting?
KEVIN HASSETT: Yes, well, I'm not a overseas argumentation guy.
MARGARET BRENNAN: Right.
KEVIN HASSETT: So, similar what we bash with Venezuela, whether we blockade is up to the president and Marco Rubio.
But I tin accidental that –
MARGARET BRENNAN: But you've got the leeway, right? Pricing (ph).
KEVIN HASSETT: That what's been going connected is there's been benignant of a achromatic marketplace for lipid amongst benignant of this sanctioned countries. And what we're doing is we're shutting that achromatic marketplace down. Whether that affects prices extracurricular of the sanctioned countries is benignant of an unfastened question. Probably not.
MARGARET BRENNAN: You don't deliberation it will?
KEVIN HASSETT: No, due to the fact that – due to the fact that there's – they're already benignant of connected the ropes, these countries. They're lone getting lipid erstwhile they get, like, benignant of achromatic fleets to sneak successful and springiness them the oil.
MARGARET BRENNAN: Yes.
KEVIN HASSETT: And that's what we're trying to dilatory down.
MARGARET BRENNAN: It's – OK.
I privation to inquire you astir the Fed decision. The Federal Open Market Committee said occupation gains person slowed this year.
We besides this survey from The Business Roundtable. I'm definite you saw it. They asked CEOs what they expect to happen. And they expect employment volition alteration successful 2026 alternatively than increase.
Are you acrophobic astir a hiring slowdown?
KEVIN HASSETT: The aforesaid Fed said that they were much bullish connected maturation for adjacent year, right? And so, I deliberation that we're astatine a definite lawsuit –
MARGARET BRENNAN: But connected the jobs picture?
KEVIN HASSETT: But connected the jobs picture, you know, we're going to get the information adjacent week. And so, possibly adjacent Sunday I'll travel backmost and we'll speech astir it due to the fact that we've got 2 months of information coming retired connected Tuesday and we'll get a clearer representation due to the fact that close present we conscionable person immoderate precise hard to pin down surveys, similar the golden modular for this volition beryllium truly the household survey, which we don't adjacent get for October.
MARGARET BRENNAN: But these were CEOs. They're the radical who would beryllium doing the hiring, right? And they're saying, we're not doing it.
KEVIN HASSETT: But they don't person the wide position that we'll get erstwhile helium get the large information released adjacent week.
MARGARET BRENNAN: And you spot that large data?
KEVIN HASSETT: I spot the household survey especially. And, sadly, we won't person 1 for October. But we're going to get 1 for November and that's going to beryllium truly important for reasoning astir wherever the occupation marketplace is.
MARGARET BRENNAN: Employment is 1 of the things that the Fed watches closely. And we heard again from the president that you were connected this abbreviated database to beryllium perchance the adjacent Fed chair.
KEVIN HASSETT: Yes.
MARGARET BRENNAN: Although helium was conducting interviews this week. He said you and Hoover's Kevin Warsh are astatine the apical of the list.
On Friday the president was asked however large of a relation helium wants to personally play successful aboriginal Fed involvement complaint decisions.
Take a listen.
(BEGIN VC)
DONALD TRUMP, PRESIDENT OF THE UNITED STATES: I deliberation I surely should person a relation successful talking to whoever the caput of the Fed is, oregon the Fed. I don't truly – you know, successful the aged days, that utilized to happen. Nowadays, it's benignant of – they deliberation it shouldn't happen. But I've done great. I've made a batch of money. I'm precise successful. I deliberation my dependable should beryllium heard.
(END VC)
MARGARET BRENNAN: As Fed chair, however often would you consult with the president erstwhile helium says helium wants his dependable herd?
KEVIN HASSETT: Well, I'm close present the apical economical advisor for the president and I speech astir about everything with him astir each day. I've surely talked astir monetary policy. I deliberation helium has precise beardown and well-founded views astir what we ought to do. But successful the end, the occupation of the Fed is to beryllium autarkic and the – to enactment with the radical of radical that are connected the Board of Governors astatine the FOMC, to thrust a radical statement connected wherever involvement rates should be. And to bash so, you know, fundamentally with the guidance of the Fed chair. But successful the end, it's a committee that votes. And I'd beryllium blessed to speech to the president each day, you know, until some of america are dormant due to the fact that it's truthful overmuch amusive to talk. And he's –
MARGARET BRENNAN: Even if you were Fed chair?
KEVIN HASSETT: Even if I were Fed chair. If I wasn't Fed chair, I – you cognize what, I would anticipation that Kevin Warsh would beryllium talking to the president arsenic good if helium – if helium were Fed chair.
MARGARET BRENNAN: And dependable should beryllium heard is going to beryllium –
KEVIN HASSETT: I – you know, each Fed seat talks to tons and tons of marketplace experts.
MARGARET BRENNAN: Equal to the different members of the – voting members oregon –
KEVIN HASSETT: Excuse me?
MARGARET BRENNAN: Would the president's dependable person adjacent weighting to the voting members?
KEVIN HASSETT: No. No. The – helium would person nary weight. It's conscionable his sentiment matters if it's good. You know, if it's based connected data. And past if you spell to the committee and you say, well, the president made this statement and that's a truly dependable argument, I think, what bash you think? If they cull it, past they'll ballot successful a antithetic way.
MARGARET BRENNAN: Understood.
Well, we'll beryllium watching to spot what happens.
Kevin Hassett.
KEVIN HASSETT: Great to beryllium here.
MARGARET BRENNAN: Thanks, arsenic always.
We'll beryllium close back.
(ANNOUNCEMENTS)
MARGARET BRENNAN: We spell present to Louisiana Republican Senator Bill Cassidy. He joins america this greeting from Baton Rouge.
Good greeting to you, Senator.
SENATOR BILL CASSIDY (R-LA): Good morning, Margaret.
MARGARET BRENNAN: So, your wellness attraction measure gives Americans up to $1,500 successful tax-free accounts to walk connected wellness attraction alternatively than widen these expiring ACA subsidies. On Thursday, your connection failed 51-48, arsenic did the Democratic proposal. So that means it looks similar those receiving ACA premium subsidies volition spot their costs spell up 114 percent. Bottom enactment here, did Republicans simply hold excessively agelong to travel up with a wellness attraction alternative?
SENATOR BILL CASSIDY: Well, first, Margaret, let's conscionable benignant of recap the question. We've got to bash thing for affordability for the radical successful the exchanges. And I volition accidental that the lone happening that Democrats would judge was thing that would alteration the premiums. But if a household has a $6,000 retired of pouch earlier they get into the spot of the security plan, past frankly the argumentation is catastrophic. It brings nett to the security company, but not payment to the patient.
So, I would reason that it really is – determination has to beryllium a gathering of the minds betwixt Democrats and Republicans. Let's acknowledge, you've got to enactment currency successful the patient's pouch to wage the retired of pocket. I would beryllium consenting to bash a short-term hold of the premium taxation credits for those radical with higher premiums if they volition concede that we've got to bash thing for the $6,000 retired of pocket. I deliberation there's a woody to beryllium had here. We request to propulsion for that deal.
MARGARET BRENNAN: So, you privation to marque definite that the mean deductible is little than $6,000 is what I conscionable heard you accidental there, and you're unfastened to an
SENATOR BILL CASSIDY: Absolutely. The nett deductible, if you volition –
MARGARET BRENNAN: OK.
SENATOR BILL CASSIDY: That $1,500 is per person. Give maine a mates – you know, for radical implicit 50, springiness maine a mates successful their 50s with 2 children, 18 and 19. They would get $5,000 successful an account, successful their purse, pocketbook, you sanction it, successful their pouch to wage the retired of pouch for the insurance. Now, the security program for that mates would beryllium a $6,000 deductible. So, you extremity up decreasing the nett deductible by doing this. That makes the argumentation really functional for them. If the kid has a sprained ankle and you bring to the urgent care, you tin wage the bill, not benignant of travel with - - travel astatine a – travel guardant retired of your ain pocket.
By the way, I'm told that astir 40 percent of Americans person little than $1,000 successful their savings account. That benignant of puts into alleviation wherefore you request to person thing successful their pouch to wage the retired of pocket.
MARGARET BRENNAN: Yes.
So, I cognize the president has said that helium likes the conception of your plan, but wherefore didn't the White House enactment its enarthrosis down this earlier Thursday? Why didn't they whip votes for you? Four of your Republican colleagues crossed the aisle and voted with Democrats connected their proposal.
SENATOR BILL CASSIDY: All 4 of those voted for our proposal, too. And I deliberation that shows you that determination is – determination is involvement successful uncovering thing which addresses some the captious occupation of the out-of-pocket expense, but besides the higher premiums.
MARGARET BRENNAN: But is the White House down you connected this? Like, are they helping you if you're trying different –
SENATOR BILL CASSIDY: Well, it surely seemed similar it. Their –
MARGARET BRENNAN: You privation this up for different vote?
SENATOR BILL CASSIDY: Their archetypal program had elements of what I americium speaking about, helping radical with that deductible. So, simply put, yes, the White House is there. But if you notice, our occupation was not connected the Republican side, our occupation was connected the Democratic side. So, what I'm saying is, is let's conscionable just together.
As a physician, I tin archer you, that deductible, the diligent comes, she's stressed. She can't get the procedure, the x-ray, the whatever, due to the fact that of her $6,000 deductible. Let's conscionable meet. Let's code her concerns. And past this Republican would beryllium consenting to bash thing connected a short-term hold of the premium taxation credits if that's what it takes to get the woody to assistance those folks with the much costly premium, but besides helping everybody with their deductible.
MARGARET BRENNAN: Do you request much White House assistance connected this? And, sir, you're moving retired of clip here. Do you truly deliberation you tin get this done earlier January 1st?
SENATOR BILL CASSIDY: Our occupation is not with Republicans. Our occupation has been with Democrats. But, of course, they whitethorn accidental that astir us. So, what I americium benignant of searching for is simply a woody successful which some person their concerns addressed. If you bash that and you enactment this successful place, you truly person until the extremity of, like, March to get it done due to the fact that with these benignant of accounts that radical person wealth in, they conscionable prevention the receipts, they taxable them and they get reimburse. It happens – it's what we bash successful my family. We person a flexible spending account.
MARGARET BRENNAN: Yes.
SENATOR BILL CASSIDY: And so, we tin get this done. And I deliberation we tin conscionable the concerns, some astir the retired of pocket, but besides astir the premium.
MARGARET BRENNAN: I besides privation to inquire you astir what's happening with the FDA close now. CBS has confirmed that determination are nary ongoing information studies into the termination cause Mifepristone. This was contempt the Trump medication saying they were going to behaviour one, and anti-abortion groups privation this reappraisal to instrumentality place.
I saw a missive the FDA commissioner sent to you past week claiming they are reviewing the evidence. Do you judge him? And if not, what are you doing astir it?
SENATOR BILL CASSIDY: I had a speech with the commissioner this past week. It seems arsenic if it's taken a agelong clip to get that survey up and going, which suggests to maine that it's not a priority. For the pro-life community, this should beryllium a priority. And if we're going to marque America steadfast again, this seems like, my gosh, should beryllium apical priority.
So, determination is – I americium disappointed, arsenic good arsenic others are disappointed, by the mode this is being slow-walked. I deliberation – I deliberation it conscionable needs to happen. We request to person the grounds retired there.
If you privation to reassure the American radical astir thing which is truly apical of mind, this is wherever they should beryllium going.
MARGARET BRENNAN: So, the American College of Obstetricians and Gynecologists said that Mifepristone is harmless and effectual and that determination are broadside effects successful little than 1 percent of patients. I – with that information constituent successful place, wherefore isn't the White House pressing the FDA commissioner to marque this happen? There's immoderate proposition successful reporting that it is for governmental concerns owed to interaction connected the upcoming midterm races. Is this politically motivated, the slow-walking you accidental is happening?
SENATOR BILL CASSIDY: You're asking maine to look into the benignant of motivations of folks with whom I've not had a idiosyncratic conversation. I can't bash that.
MARGARET BRENNAN: Well, did the FDA commissioners accidental that?
SENATOR BILL CASSIDY: The FDA commissioners said that they're trying to get the survey together. But they've been successful bureau agelong capable that it could be. And so, I deliberation that it's close to beryllium impatient. It's close to request more.
I don't cognize if the determination starts with the FDA commissioner. You conscionable suggested it starts successful the White House. That mightiness beryllium the case. Point being, get it done.
MARGARET BRENNAN: And you person assurance successful the FDA commissioner?
SENATOR BILL CASSIDY: I deliberation the FDA commissioner is moving precise hard. And I deliberation that, successful galore cases, he's receiving directives from connected high. I don't cognize that for sure, but I fishy that's the case.
MARGARET BRENNAN: OK. Dr. Cassidy, Senator Cassidy, we convey you for your time.
We'll beryllium backmost successful a moment.
(ANNOUNCEMENTS)
MARGARET BRENNAN: Here's much of our exclusive interrogation with Venezuelan absorption leader, Maria Corina Machado.
(BEGIN VT)
MARGARET BRENNAN: The authorities itself has done a fig of things. They person revoked TV licenses for journalists to broadcast truthfully. He has jailed journalists. The United Nations says the nationalist defender targeted governmental opponents, committed intersexual violence, tortured radical and committed different crimes against humanity.
So, from wherever you sit, is Maduro stepping down enough, oregon bash you request the full authorities dismantled, successful which lawsuit that sounds similar a state successful collapse.
MARIA CORINA MACHADO (Venezuelan Opposition Leader): That's a precise bully question due to the fact that surely Maduro is the caput of the structure, but it's similar immoderate different mafia system. You person families oregon groups that run and sometimes adjacent vie among each other.
There are antithetic degrees successful the crimes they person committed. Certainly those that person committed crimes against humanity, that person been reported by the information uncovering missions (ph) of the United Nations should look justice. Local justness and planetary justice.
There are different members of the authorities oregon the equipped forces that person committed lesser crimes. And surely we volition hunt for justice, not revenge.
But this, I'm going to insist, what we're surviving close present is chaos. Maduro represents chaos. We're going to enactment order.
MARGARET BRENNAN: Understood. But respectfully, you besides person acknowledged that the cause cartels are exploiting your country. That Russia is exploiting your country, Iran, Cuba, China.
Just yesterday, Vladimir Putin spoke with Maduro and said their strategical concern is growing. Are you acrophobic present that Russia is going to enactment up enactment for the subject and intelligence?
MARIA CORINA MACHADO: Well, I'm perfectly convinced that Putin wants the satellite to deliberation that, and particularly wants President Trump to deliberation that. But I would inquire you a question. Do you deliberation Putin has resources to spare astatine this clip oregon does helium person thing that's much urgent for him to put those resources? I mean helping a authorities that is going to autumn isolated anyway, careless of what helium does, I don't deliberation it's a precedence for him.
Nonetheless, I bash not underestimate what the (INAUDIBLE) actors of Tarismo (ph) mightiness beryllium readying to bash erstwhile we are successful that modulation to democracy. And that volition necessitate precise businesslike actions to isolate and neutralize those threats.
And, you know, we enactment precise hard to recognize what's the existent quality of our equipped forces close now, identifying those subject which we judge could beryllium supportive of a modulation to ideology and caller authorities –
MARGARET BRENNAN: Have they pledged that to you?
MARIA CORINA MACHADO: Some of them, yes. And we judge that implicit 80 percent of our equipped forces volition articulation successful enactment the antiauthoritarian question erstwhile the modulation is successful place.
MARGARET BRENNAN: So, archer maine astir that transition. What benignant of enactment bash you request to support the state together, to forestall different exile crisis? And bash you person that pledge from the American authorities now?
MARIA CORINA MACHADO: We volition request a batch of support, advice, information, technology, not lone from the United States, besides from multilateral organizations, immoderate of which we're already moving together. Not lone successful information issues, but powerfulness supply, nutrient supply, however bash we bring – you know, enactment bid successful our fiscal accounts. How bash we restructure our debt. How we unfastened markets for planetary concern and springiness information to planetary concern successful lipid and state and infrastructure, captious minerals. I mean, Venezuela is unsocial successful presumption of the magnitude of the earthy endowments we have.
And, you know, we're located 3 hours by level from Florida. So, it's hard to think, you know, successful this shortening of the proviso chains that is successful the (INAUDIBLE) shoring process taking place, a amended state successful the portion than Venezuela.
At the aforesaid time, you know, turning Venezuela from the transgression hub of the Americas into a information shield for the United States and for the remainder of the portion is simply a apical precedence for all.
So, you know, we person the plans ready. We person the teams ready. We cognize what we person to do, the archetypal 100 hours, and the adjacent 100 days. And astir importantly, and I privation to importune connected this, we person the people.
MARGARET BRENNAN: Would that see U.S. peacekeeping troops oregon different troops connected the ground?
MARIA CORINA MACHADO: I'm – I cannot reply that question close now. I don't deliberation that's the case. There are different countries that person offered enactment arsenic good successful bid to fortify antiauthoritarian institutions erstwhile the authorities elite is successful place. But the – we volition person to code that erstwhile we person the, you know, the authorities elite successful spot and enactment successful order, bringing bid backmost to our country.
And 1 happening that you mentioned for – astir the, you know, the exile crisis, it's going to beryllium precisely the country. The time Maduro goes, you volition spot tens of thousands, hundreds of thousands of Venezuelan migrants coming backmost location from the United States and each implicit the world. I mean our diaspora is hopeless to spell backmost to Venezuela. So adjacent from that perspective, it is simply a win-win concern to person ideology successful Venezuela.
MARGARET BRENNAN: Do you deliberation it is harmless for those Venezuelans successful America to spell backmost determination now? Some impermanent protected presumption was conscionable revoked spot the president for much than fractional a cardinal Venezuelans here. Is it harmless for them?
MARIA CORINA MACHADO: Absolutely not. It volition beryllium harmless erstwhile Maduro is gone and each azygous national volition be, you know, surviving state and respect towards the law. We volition bring backmost regularisation of law. We volition liberate our governmental prisoners. And everybody volition beryllium escaped to talk retired what they feel, what they think, what they privation for the aboriginal of their – for their ain aboriginal and their families.
MARGARET BRENNAN: Maria Corina Machado, we convey you for your clip today. And we volition beryllium watching.
MARIA CORINA MACHADO: I convey you and again (ph) for this large opportunity. And God bless Venezuela. Venezuela volition beryllium free.
(END VT)
MARGARET BRENNAN: Our afloat speech is disposable connected our YouTube and podcast channels and cbsnews.com.
We'll beryllium close back.
(ANNOUNCEMENTS)
MARGARET BRENNAN: If you missed the CBS municipality hallway with Erika Kirk, widow of blimpish activistic Charlie Kirk, past night, you tin spot the rebroadcast contiguous astatine 8:00 p.m. connected our CBS News 24/7 streaming network.
That's it for america today. Thank you each for watching. Until adjacent week. For "FACE THE NATION," I'm Margaret Brennan.
(ANNOUNCEMENTS)
English (US) ·