Bulgaria News
Treasury Secretary Scott Bessent admitted “prices are too high” after Fox News’s Brian Kilmeade noted that half of Americans believe the cost of living is too high for them.
Bessent joined Kilmeade on Fox & Friends on Wednesday morning, where he blamed both an “energy shock” from the Iran and Ukraine/Russia wars and former President Joe Biden for inflated costs hitting Americans.
“47% of the country says the cost of living is too high. What can the secretary of Treasury do about that, knowing you have the Canadian deal that they have walked away [from] that was just about done and ready to go over the goal line two Fridays ago?” Kilmeade asked.
Bessent argued that tariffs against Canada, which were announced by President Donald Trump amid an increasingly tense trade war, will have “virtually no effect” on prices for Americans.
He said:
Well, Brian, let’s walk backwards from that. First of all, the Canadian deal has virtually no impact on American prices. No impact. And Prime Minister [Mark] Carney has made a political decision. The deal was on the one-yard line, he blew it up at the last minute. President Trump offered our northern neighbors the most favorable deal, and he will have to come back and I’m not sure that the deal will be that good again.
And, look, prices are too high. The American consumer got blown away under Joe Biden, 21.5% stated inflation, probably much higher for working Americans, and we are going through an energy shock right now due to both the war in Ukraine because, you know, Ukraine has decided that they want to blow up Russian energy assets and refined properties.
Forty-seven percent of Americans say the cost of living is the most important issue to them going into the midterm elections, according to a Reuters/Ipsos poll released last week.
The ongoing Iran war has helped fuel inflated costs, including gas prices. While the national average sat below $3 a gallon before the U.S. strikes on Iran, the average now sits at over $4, according to AAA.
Bessent insisted prices will smooth out once the Iran and Russia conflicts end. He also noted wage increases and inflation rates slightly cooling. The inflation rate for July was 3.4%, a decrease from the previous month’s 3.5% and more-than-4% in May, which marked a three-year high.
“We are helping Americans slowly get back on their feet,” he said. “The Iran conflict will end, but the wage gains will stay, because the wage gains are what Americans did not have in the Biden administration.”
Watch above via Fox News.
The post Scott Bessent Admits ‘Prices Are Too High’ After Fox Host Confronts Him With Bad ‘Cost of Living’ Poll first appeared on Mediaite.
Scott Bessent Admits ‘Prices Are Too High’ After Fox Host Confronts Him With Bad ‘Cost of Living’ Poll 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-09-02 14:38:44 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law
БЪЛГАРИЯ НОВИНИТЕ – ИНФОРМАЦИОННА АГЕНЦИЯ 2009-2026 2026-09-02 14:38:44