On this "Face the Nation with Margaret Brennan" broadcast, moderated by Margaret Brennan:
- Energy Secretary Chris Wright
- Anthony Salvanto, CBS News executive director of news and surveys
- Sen. Mark Kelly, Democrat of Arizona
- Zach Lahn, Iowa GOP nominee for governor
- Brett McGurk, who served as a top Middle East adviser to former President Joe Biden
Click
to browse full transcripts from 2026 of "Face the Nation with Margaret Brennan.
asserted
who → moderate → Brennan
And this week on Face the Nation: One month away from midterms, and the pressure on the president to do something about high prices is building.
asserted
pressure → build → prices
With control of the House and Senate at stake, President Trump has been on a red state road trip to get Republicans to the polls.
asserted
Trump → get → polls
He now concedes that his party might have a messaging problem when it comes to the economy.
uncertain
it → concede → economy
(Begin VT)
DONALD TRUMP (President of the United States): We're doing a phenomenal job, but maybe we're doing a bad job in selling it.
asserted
we → begin → it
And our new CBS poll has troubling news for the president's party, with nine in 10 voters saying they rate the economy on the basis of prices.
asserted
they → have → prices
Seven in 10 say that Trump's policies are making food and grocery prices go up.
asserted
prices → say → 10
say the conflict with Iran is making U.S. gas and oil prices either a lot or a little higher.
asserted
prices → say → Iran
With early voting now under way, is it too late for Trump to turn things around?
asserted
Trump → turn → things
We will talk with Energy Secretary Chris Wright about new efforts to get gas prices down.
asserted
prices → talk → efforts
Plus, we will ask Zach Lahn, the Republican running for governor in Iowa, and Arizona Democratic Senator Mark Kelly what they're finding out on the campaign trail.
asserted
they → ask → trail
All that and more is just ahead on Face the Nation.
asserted
that → face → Nation
We begin with one of the Trump administration officials tasked with working to lower those high gas and oil prices, Energy Secretary Chris Wright.
asserted
We → begin → prices
So, it's good to have you here.
asserted
it → have → you
You said this past week that Americans can expect lower gasoline prices and diesel prices by Election Day.
asserted
Americans → say → Day
The Wall Street Journal editorial board has a piece outlining that the campaign to squeeze Iran financially is working, but they can still knock out significant Gulf energy infrastructure.
asserted
they → have → infrastructure
They could be planning an October surprise before the U.S. midterms.
uncertain
They → plan → midterms
We are still seeing Iranian attacks on ships now.
asserted
We → see → ships
I mean, how can you be so confident prices are headed down?
asserted
prices → mean → ?
Well, because we've got increasing supplies coming out of the Strait of Hormuz, and they've continued to rise over the last months, over the last recent weeks.
asserted
they → get → weeks
We've got U.S. gasoline production today at record high.
asserted
production → get → record
We have demand for gasoline as we come out of the summer driving season starting to go down.
asserted
we → have → season
Diesel's mostly been impacted by the Russia- Ukraine war and also by China's decision not to export diesel or gasoline into the marketplace.
asserted
Diesel → impact → marketplace
And, of course, we're living with two refineries that were recently closed, large refineries in California that Gavin Newsom forced the closure of, and, frankly, 15 years of Democrat policies that have been energy subtraction, trying to close coal plants, close refineries, and shrink our capacity, which means, when you get in crisis, we're just less resilient than we should be.
asserted
we → live → crisis
But you still think that, in the next four weeks, prices are going to go down?
asserted
prices → think → weeks
Diesel prices have been going down.
asserted
prices → go → ?
Gasoline prices have been going down.
asserted
prices → go → ?
I expect that to continue.
asserted
that → expect → ?
I want to talk about diesel in a minute, but I – I was reading that the U.S. was sending more defensive equipment to the Gulf countries to protect their oil infrastructure.
asserted
U.S. → want → infrastructure
I see there was a gathering of national security advisers at Camp David on Friday to talk about Iran and the conflict in Yemen.
asserted
I → see → Yemen
Can you share any outcome from that?
asserted
you → share → that
I mean, is – is the U.S. about to escalate?
asserted
U.S. → mean → ?
We did just see a third carrier strike group get sent to the region.
asserted
group → see → region
Look, the president has – has taken a strong stand that Iran, the world's greatest terrorist regime – regime, cannot and will not have nuclear weapons.
asserted
Iran → look → weapons
So, of course, we're looking at every avenue to achieve that goal, economically, to be prepared for what comes militarily.
asserted
what → look → goal
But we cannot pass to the next administration an Iran armed with nuclear weapons.
asserted
we → pass → weapons
Right, but he's also said that they're not seeking a nuclear weapon.
asserted
they → say → weapon
He said that just the other day that they might have actually already stopped.
uncertain
they → say → ?
But in the immediate sense of threats to our neighbors who have refinery and production capacity, how do you guarantee that there is no October surprise that sends those prices going the opposite direction?
asserted
prices → have → capacity
But everything we're doing is to grow the supply of diesel, to grow the supply of gasoline, and, frankly, again, to reverse years of policies that have been directed exactly the opposite, to shrink our ability to produce, refine, and deliver hydrocarbons.
asserted
that → do → hydrocarbons
…and 400 more, not listed.