Transcript: Kevin Hassett, National Economic Council director, on "Face the Nation with Margaret Brennan," July 6, 2025

Kevin Hassett is the director of the National Economic Council and one of President Trump 's top advisors.

Hassett : "There's going to be quite a bit of news this week " Hassett says he's heartbroken to see the devastation of Texas .

He says the White House is putting every effort they can to help the people of Texas today .

Hasset: "When we have great trade deals, our smaller trading partners could become much bigger trading partners".

People are responding to President Trump 's potential threats to have high tariffs on countries by moving their activity here into the US , which is creating jobs, more than 2 million jobs, since he took office.

WeIJA JIANG: People are just on-shoring production of the US at a record rate, and this is even ahead of the Big, Beautiful Bill.

CBO 's projection that as many as 12 million Americans could lose Medicaid coverage because of this law.

NEC 's estimate for how many people could lose coverage doesn't make a lot of sense to us.

CBO numbers on that side don't make any sense to them at all, but on the other side, they said that we lose about 4 million insured between 2017 and 2019 , and about double that over the next 10 years .