Gavin Newsom Says Trump Admin Is 'Celebrating,' 'Bragging' About High Gas Prices Amid Kevin Hassett's Credit Card Spending Comment
Yahoo • • nation
Key Points:
- California Governor Gavin Newsom criticized the Trump administration for appearing to celebrate rising U.S. gas prices and increased credit card spending, calling the stance out of touch with the struggles of ordinary Americans.
- The national average gasoline price surpassed $4.50 per gallon, with California's average reaching $6.16 and some counties exceeding $7, contributing to consumer financial strain.
- Senator Bernie Sanders echoed criticism of the administration's comments, highlighting that higher credit card spending mainly benefits banks due to high interest rates, worsening conditions for working-class Americans.
- Senator Elizabeth Warren raised concerns about potential insider trading related to U.S.-Iran tensions, citing suspicious timing of large bearish crude oil futures contracts ahead of reports on a possible U.S.-Iran agreement.
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