Full transcript of "Face the Nation with Margaret Brennan," May 3, 2026

On this "Face the Nation with Margaret Brennan" broadcast, moderated by Margaret Brennan: White House Economic Council Director Kevin Hassett Minneapolis Fed president and CEO Neel Kashkari Chevron CEO Mike Wirth Rep. Jason Crow , Democrat of Colorado Sen. Raphael Warnock , Democrat of Georgia Click here to browse full transcripts from 2026 of "Face the Nation with Margaret Brennan." MARGARET BRENNAN: I'm Margaret Brennan in Washington. And this week on Face the Nation: Gas prices spike, as the standoff between the U.S. and Iran continues. And a Supreme Court decision weakening the Voting Rights Act sparks a scramble in some Southern states to get in on redistricting before the midterm elections. With his approval ratings on a downward trend, President Trump visited a Florida retirement community to conduct a survey of his own. (Begin VT) DONALD TRUMP (President of the United States): Let's do another poll. No tax on tips. (CHEERING) PRESIDENT DONALD TRUMP: No tax on overtime. (CHEERING) PRESIDENT DONALD TRUMP: No tax on Social Security. (CHEERING) PRESIDENT DONALD TRUMP: That's the one they like. (End VT) MARGARET BRENNAN: But with the conflict in Iran stalled, as well as the ships in the Strait of Hormuz, gas prices have skyrocketed, up 40 cents a gallon in the U.S. just in the last week. The president promises they will come down, and says, look on the bright side. (Begin VT) PRESIDENT DONALD TRUMP: The stock market is rocking and rolling. …