UPDATE: In an urgent broadcast of “Face the Nation” on December 28, 2025, Bank of America CEO Brian Moynihan provided a critical outlook for the economy as the year comes to a close. He addressed pressing issues like inflation and spending habits that matter to Americans right now, amid a backdrop of high holiday costs.
During the interview with Margaret Brennan, Moynihan confirmed that while most Americans struggle with affordability, especially during the holiday season, spending is up by 4.5% compared to last year. This data reflects a growing divide, as higher-income brackets continue to see faster spending growth. “People in the bottom income level are spending at a little faster growth rate, but still growing,” he explained, indicating a complex economic landscape.
As the economy navigates toward 2026, Moynihan emphasized the ongoing challenges posed by inflation and the necessity for wage growth to keep pace. The current unemployment rate stands at 4.6%, a relatively low figure, yet it has been rising, contributing to a sense of unease among consumers. “People are spending. They have good credit quality. They are employed,” he noted, yet stressed the importance of addressing inflation concerns.
The discussion also shifted to national security, where officials are increasingly focused on the implications of artificial intelligence. CBS contributors Samantha Vinograd and Christopher Krebs highlighted the growing complexity of A.I. technologies and their potential threats. “A.I. is changing the way that investigations are performed,” Vinograd stated, underlining its transformative impact on both business and government operations.
With 2026 approaching, the program also featured key insights from CBS News correspondents on the evolving political landscape, including critical security threats and the economic challenges that lie ahead. The urgency of these discussions reflects the immediate relevance for Americans as they prepare for the new year.
As the nation braces for significant events like the FIFA World Cup and the Super Bowl, concerns about security and economic stability are paramount. Vinograd warned of a rise in politically motivated violence, emphasizing the need for robust measures to protect citizens.
For viewers seeking clarity on the future, this episode of “Face the Nation” serves as a vital resource, offering immediate insights into economic forecasts and national security threats. The conversation is one that resonates deeply with Americans facing uncertainty as they move into 2026.
Stay tuned for more developments as we continue to cover the evolving landscape of the economy and national security.
