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Hassett Defends Economy Amid Gas Spike | US News
Gas prices are climbing, but National Economic Council Director Kevin Hassett says the situation is improving—thanks to strategic moves like waiving the Jones Act, which has freed up tanker capacity to move 100 million barrels of oil along the coasts. While the average gallon of gas hit $4.01, Brent crude is down from its April peak. Hassett dismisses concerns about a struggling economy, pointing to record factory construction, low unemployment claims, and more job openings than unemployed workers—calling July’s slight job dip a temporary blip caused by teachers taking time off and post-World…
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