Kevin Hassett on "Face the Nation with Margaret Brennan," May 3, 2026

TL;DR

Director Kevin Hassett claims economic pressure on Iran is effective, causing hyperinflation and hunger.
Hassett asserts the U.S. is not at war with Iran, attributing Strait of Hormuz issues to Iran's actions.
He refutes claims that rising gas prices negate tax refund benefits, citing real income growth.
Hassett explains Spirit Airlines' collapse was due to an unwisely canceled merger and business model issues, not solely fuel prices.
Other airlines are reportedly hedging against fuel price shocks, remaining healthy.
The White House attempted an 11th-hour rescue plan for Spirit Airlines but found no applicable authorities.
American, United, and Southwest airlines offered to help stranded Spirit passengers.

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