Addressing cost-of-living concerns: Reps. Fitzpatrick and Suozzi on Congress’ affordability push

Watch on YouTube ↗  |  January 23, 2026 at 13:24  |  7:58  |  CNBC
Speakers
Tom Suozzi — U.S. Representative (D-N.Y.)
Brian Fitzpatrick — U.S. Representative (R-Pa.)

Summary

Reps. Brian Fitzpatrick (R-Pa.) and Tom Suozzi (D-N.Y.) join Squawk Box to discuss Congress's bipartisan affordability agenda, focusing on health care, housing, energy, childcare, food, fuel, and the debt. They debate the drivers of persistent inflation, including COVID spending, tariffs, supply-chain disruptions, immigration, and rising energy demand from data centers. The conversation highlights policy efforts but offers limited direct investment advice.

  • Fitzpatrick and Suozzi promote a bipartisan Problem Solvers Caucus affordability agenda.
  • Health care costs and expiring premium tax credits are a major concern.
  • Housing is cited as a top driver of household expenses.
  • Energy demand from data centers is rising without commensurate supply.
  • U.S. debt and deficits are seen as upward pressure on interest rates.
  • COVID spending, tariffs, supply chains, and immigration are cited as inflation factors.
  • The discussion is policy-focused with few explicit market calls.
Ideas
Tom Suozzi U.S. Representative (D-N.Y.) 2:11
Data centers drive energy demand imbalance.
Energy demand is exploding for the first time in 20 years, driven by data centers, while supply is not increasing commensurately. This imbalance is a key driver of higher energy costs and affordability pressures, implying upward pressure on energy prices.
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