Hassett: 'We're still working our way out from' Biden Covid spending
The U.S. is still dealing with Biden-era Covid 19-related stimulus spending, National Economic Council Director Kevin Hassett said.
Spots 
The comments on CNBC's "Squawk Box" came in
The comments on CNBC's "Squawk Box" came in the final weeks of a midterm election cycle centered on widespread concerns about affordability and inflation.
Hassett argued that President Donald Trump's first administration
Hassett argued that President Donald Trump's first administration approved the right amount of pandemic-related stimulus.
The U.S. is still dealing with the impact
The U.S. is still dealing with the impact of Covid 19-related stimulus spending from former President Joe Biden's first year in office, National Economic Council Director Kevin Hassett said Tuesday as he defended the Trump administration's handling of the economy. "That's really the big mistake that we're still working our way out from," Hassett argued on CNBC's "Squawk Box."
The comment came in the final weeks of
The comment came in the final weeks of a midterm election cycle centered on widespread concerns about affordability and inflation, with Democrats appearing poised to make gains in Congress.
A Senate Majority PAC memo circulated Tuesday morning
A Senate Majority PAC memo circulated Tuesday morning urges Democratic candidates to keep affordability "front-and-center," citing battleground polling that found attacks tying Republicans to higher prices for healthcare, utilities, gas and other everyday expenses tested more strongly than corruption arguments on their own.
The memo, based on an August survey of
The memo, based on an August survey of 1,800 likely voters across nine Senate battleground states, argues Democrats should explicitly connect political decisions and corporate influence to higher household costs. "The strongest reason to vote against a Republican continues to be that they have raised our costs," the memo says.
President Donald Trump and his top officials regularly
President Donald Trump and his top officials regularly defend their administration's record by contrasting it favorably with the Biden era, or blaming the former president's policies for creating lingering problems.
Nearly two years since the 2024 presidential election
Nearly two years since the 2024 presidential election, those claims appear to be losing some potency, with recent polls showing voters increasingly disapprove of Trump on the economy and in general.
After a CNBC host brought up Covid, Hassett
After a CNBC host brought up Covid, Hassett argued that Trump's first administration approved the right amount of pandemic-related stimulus, but that heavy spending continued under Biden.
News
Hassett: 'We're still working our way out from' Biden Covid spending
The U.S.
@spots #finance #markets
Source: CNBC