The following is the transcript of the interview with White House National Economic Council Director Kevin Hassett that aired on "Face the Nation with Margaret Brennan" on Nov. 30, 2025.

NANCY CORDES: We turn now to the Director of the White House National Economic Council, Kevin Hassett. Kevin, thanks so much for being with us.

KEVIN HASSETT, DIRECTOR NATIONAL ECONOMIC COUNCIL: Great to be here.

NANCY CORDES: So we've all eaten the turkey. Holiday shopping has begun in earnest. So let's talk about what the holiday shopping season looks like. We've got new surveys from Goldman Sachs and Bank of America that paint a modest picture of the holiday spending outlook. They say low and middle income Americans are planning to pull back a little bit because they perceive that prices are higher.

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