Hassett: 'We're still working our way out from' Biden Covid spending

The U.S. is still dealing with the impact of Covid 19-related stimulus spending from former President Joe Biden's first year in office, National Economic Council Director Kevin Hassett said Tuesday as he defended the Trump administration's handling of the economy."That's really the big mistake that we're still working our way out from," Hassett argued on CNBC's "Squawk Box."The comment came in the final weeks of a midterm election cycle centered on widespread concerns about affordability and inflation, with Democrats appearing poised to make gains in Congress.President Donald Trump and his top officials regularly defend their administration's record by contrasting it favorably with the Biden era, or blaming the former president's policies for creating lingering problems. Nearly two years since the 2024 presidential election, those claims appear to be losing some potency, with recent polls showing voters increasingly disapprove of Trump on the economy and in general. After a CNBC host brought up Covid, Hassett argued that Trump's first administration approved the right amount of pandemic-related stimulus, but that heavy spending continued under Biden."We wanted to fill the hole, but...