New York Gov. Kathy Hochul signed the Climate Change Superfund Act, charging oil and gas companies up to $75 billion for pollution dating from 2000 to 2018, with the funds intended for infrastructure projects. Economists warn that this could result in higher energy costs for New Yorkers, potentially driving businesses and residents out of the state. Critics view the bill as punitive towards energy producers and detrimental to the economy, ultimately impacting households, families, and small businesses in New York.
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Full transcript of “Face the Nation with Margaret Brennan,” July 27, 2025
On "Face the Nation," Margaret Brennan discusses President Trump's efforts to refocus on his economic agenda amid distractions, including his criticisms of Federal Reserve Chairman Jerome Powell during a visit to the Fed. The episode features insights from key figures such as White House Budget Director Russell Vought, Senator Chris Van Hollen, and French Foreign Minister Jean-Noël Barrot, addressing topics like tariffs, higher education investigations, and the humanitarian crisis in Gaza. Want More Context? 🔎
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