holiday. we hear the president and democrats could be cooking up. welcome. i m neil cavuto. let s get to it with jacqui heinrich at the white house. hi, jacqui. yeah, with gas prices where they are, the white house is considering an idea that they tabled. that s sending out rebate cards to americans. they re eyeing a decision by the end of the week on whether to extend a gas tax holiday. it is a short term solution as one industry ceo puts it that they say runs counter to the administration s broader strategy. the first year of this administration, they were focused on demand destruction. this could be an exercise in demand construction. the real focus here should not be on short term solutions like cutting the federal gas tax but long-term solutions to provide american energy security from american producers here in the united states. whether the fed can cool inflation without trigger ago recession, the white house is getting creative. yesterday morning larry summers w
biden desperately tries to deal with the skyrocketing inflation fueled at least partly, maybe greatly by record gasoline prices. white house correspondent jacqui heinrich has our top story tonight live from the north lawn. good evening, jacqui. good evening to you, bret. today president biden brushed off a gloomy forecast from former president obama s secretary larry summers says it s more likely than not that we will see a recession by the end of next year. biden has a different outlook after he says he spoke with larry summers this morning. but the white house is finding creative ways to ease pain at the pump. with sky high gas prices, team biden is reconsidering aned in they first tabled sending americans rebate cards. also eyeing a gas tax holiday. i hope i have a decision based on data i m looking for by the end of the week. a short-term solution one industry ceo says runs counter to the administration s broader strategy. they were really focused on demand destru