Video News Clips: In Their Own Words

Harris Faulkner Slaps Down Former Dem Rep For Conveniently Failing To Mention Hit Americans’ Finances Took Under Biden

Screenshot/Rumble/Fox News

Fox News host Harris Faulkner fact-checked former Democratic Rep. Patrick Murphy of Pennsylvania Tuesday when discussing tariffs imposed by President Donald Trump, reminding him he failed to mention rising inflation and credit card debt during the Biden administration.

Trump announced reciprocal tariffs to address import duties and “horrendous imbalances” in trade Wednesday during a Rose Garden event, with reports that Japan and South Korea were among countries seeking negotiations. Murphy took aim at Trump over inflation and credit card delinquencies before Faulkner cut in to remind him about the Biden administrations’ track record on those issues.

“We don’t want inflation, right? Inflation has gone down, it was still too high,” Murphy said before Faulkner responded, “Well, you wanted it for the last four years because you tolerated it.”

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“Harris, I’ve been on here, it was 9%, it’s down to 2.6%. It’s ticking up, it’s still too much. The goal is 2%. The reality is this, though: American people have been put through the wringer,” Murphy said. “We lost 10 million American jobs because of COVID. We lost one million Americans. Right now, the national average of people’s credit card debt, it’s the highest it’s ever been. Delinquencies on paying that credit card off are too high.”

The Consumer Price Index (CPI) hit a four-decade high of 9% in June 2022, after then-President Joe Biden signed multiple spending initiatives into law, including the $1.9 trillion American Rescue Plan, despite warnings that it could cause inflation to go up. While Biden was in office, prices shot up by over 20%.

Household debt climbed to $17.5 trillion in 2023, with credit card debt hitting $1.17 trillion in November 2024. Credit card defaults hit $46 billion in the first nine months of 2024.

“Two things here, two facts there,” Faulkner said. “One, you have different presidents and notice what happened to the inflation. That’s one. The second thing is the highest that we’ve ever seen people in debt actually happened about 12 months ago. We know that because the credit reporting bureaus were saying people were asking for, you know, extra counseling to handle their debt. It didn’t just get paid when President Trump became president, but the goal is to try to get them some equality between what they’re earning and what things cost.”

Trump currently averages a 43.4% approval rating on his handling of the economy, according to the RealClearPolling.