Transcript of “Face the Nation,” Dec. 28, 2025

On the latest broadcast of “Face the Nation,” moderated by Margaret Brennan, guests included Bank of America CEO Brian Moynihan and CBS News contributors Samantha Vinograd and Christopher Krebs. The discussion focused on the economy as 2025 concludes, highlighting consumer spending trends and the impacts of inflation on different income levels. Moynihan noted that while spending is solid, sentiments around affordability remain low, reflecting ongoing economic challenges. The program aims to provide insights into 2026’s economic and national security landscape.