Full transcript of "Face the Nation with Margaret Brennan," Dec. 28, 2025
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On this "Face the Nation with Margaret Brennan" broadcast, moderated by Margaret Brennan: Click here to browse full transcripts from 2025 of "Face the Nation with Margaret Brennan." MARGARET BRENNAN: I'm Margaret Brennan in Washington. And this week on Face the Nation, as 2025 comes to an end, we will look ahead to 2026 and what's on the horizon for the economy, national security, and more. 2025 is almost behind us.
AI Summary
Main Idea: Brian Moynihan said Bank of America sees the U.S. economy as solid heading into 2026, even though many Americans still feel stretched by prices and affordability.
Key Points:
- Moynihan said spending stayed fairly strong through the holiday season, with growth across lower-, middle-, and higher-income groups.
- He said weak consumer sentiment is tied to past inflation, even as wages, jobs, and overall spending have held up.
- He said trade tensions appear to be cooling, though China remains a special case because of national security and supply chain concerns.
- He said housing remains weak because of higher rates and a shortage of homes, and he stressed that more supply, not just lower rates, is the real fix.
Impact on the People
Negative Impact
Higher mortgage rates, tariffs, and shaky labor rules could keep home buying, small business plans, and consumer budgets under pressure in 2026.
Positive Impact
Bank of America sees steady spending and low unemployment, which could support jobs and keep the economy growing.
How did each entity affect people?
Rate how each entity in this article affected the American people.
- Primary:Bank of Americacompany
- Primary:Brian Moynihanperson
- Major:Margaret Brennanperson
Candidate Entities7 candidates · 5 weighted vote min · 70% decision
- Bank of AmericacompanyPrimaryEvaluated
Major financial institution whose economic forecast and transaction data are central to the article.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Brian MoynihanpersonPrimaryEvaluated
CEO of Bank of America and the main interview subject discussing the economy, spending, inflation, and trade outlook.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Margaret BrennanpersonMajorEvaluated
Host/moderator conducting the central interview and framing the broadcast’s main topics.
Include 0 (0%)Ignore 0 (0%)5 to threshold - President Donald TrumppersonMajorAI selected
Referenced in the discussion of trade and tariff strategy as a key policy actor affecting the outlook.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Chris KrebspersonContextCandidate
Named CBS News contributor slated to discuss national security threats and artificial intelligence.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Federal Reservegovernment agency or bodyContextCandidate
Cited as the institution whose inflation outlook is referenced in the economic discussion.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Samantha VinogradpersonContextCandidate
Named CBS News contributor slated to discuss national security threats and artificial intelligence.
Include 0 (0%)Ignore 0 (0%)5 to threshold
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