News about JD Vance

At a CBS News town hall in Michigan, Vice President JD Vance blamed high gas prices mainly on decisions made under Joe Biden, saying about 20 percent of US refining capacity went offline during that term and that restoring it takes time. He linked current price pressure to Iran's attacks on oil shipping and said he does not think gas prices will come down once the conflict ends. Asked about everyday costs and the economy, Vance argued that a bipartisan, multi-generational failure to invest in American workers and manufacturing caused the problems, and that fixing them will take more than 18 months. Host Tony Dokoupil noted it has been almost 2 years and asked how long the temporary period Vance had earlier described would last.

Vice President JD Vance took voter questions during an hour-long town hall hosted by CBS News and aired on Saturday, with anchor Tony Dokoupil moderating. Vance argued that the Trump administration's economic and Iran policies will pay off over time, but acknowledged that fixing the economy will take more than 18 months. He said he has not decided whether to run for president in 2028, though he is widely viewed as an early frontrunner in the Republican primaries. On energy, he admitted gas prices are too high and pointed to Iran's attacks on oil tankers and the risk of Iran controlling shipping through the Strait of Hormuz. The discussion also reflected voter concern about cost of living, as inflation remains above the Federal Reserve's 2% target.