White House Bullish on Economic Growth

Inflation and credit lifted Black Friday spending — yet White House still sees 'good news'

Consumers reportedly placed fewer orders on Black Friday, yet another indication that consumer confidence is down. Despite the decrease, sales hit record highs, thanks in part to inflation and increased use of credit, including “Buy Now, Pay Later” (BNPL) programs. But the White House sees “good news” in the numbers.“Although U.S. consumers spent more this Black Friday compared to last year,” Reuters reported, “price increases hampered online de…

White House economist touts ‘good news’ for Black Friday despite alarming figures

Consumers reportedly placed fewer orders on Black Friday, yet another indication that consumer confidence is down. Despite the decrease, sales hit record highs, thanks in part to inflation and increased use of credit, including “Buy Now, Pay Later” (BNPL) programs. But the White House sees “good news” in the numbers. “Although U.S. consumers spent more this Black Friday compared to last year,” Reuters reported, “price increases hampered online d…

White House Confident in Economic Growth as Black Friday Spending Rises

The White House is more confident that the U.S. economy will grow in 2026 after spending around Thanksgiving and Black Friday rose, White House economic advisor Kevin Hassett said on Sunday. Hassett, who is head of the National Economic Council, said in an interview with CBS News’s “Face the Nation” that there was about a 10 percent increase in online sales on Black Friday, compared with the annual shopping day last year. “I think the folks who …

NEC director on holiday shopping prices, healthcare subsidies and more

(CBS, KYMA) - Kevin Hassett, White House National Economic Council (NEC) Director, spoke with Nancy Cordes on Face the Nation Sunday about holiday shopping prices. Surveys from both Goldman Sachs and Bank of America say low and middle-income Americans are planning to pull back a little bit from shopping during the holidays because "they perceive that prices are higher." The surveys also say if spending is up this year, then it's going to be beca…

White House bullish on economic growth as Thanksgiving spending rises

Economic adviser Kevin Hassett dismissed economic bedwetters, saying strong spending bodes well for the economy.

Robust post-Thanksgiving sales defy economic doomsayers, White House's chief economist says

White House National Economic Council Director Kevin Hassett said Sunday that retailers enjoyed a "blockbuster" sales weekend after Thanksgiving despite narratives about economic pessimism under President Trump.