Trump admin weighs national housing emergency, Treasury’s Bessent says
Treasury Secretary Scott Bessent on Monday said that the Trump administration is mulling the declaration of a national housing emergency in an effort to address high housing prices and limited inventory."We may declare a national housing emergency in the fall," Bessent told the Washington Examiner in a Labor Day interview. Bessent reiterated that interest rate cuts by the Federal Reserve would be helpful for bringing housing prices lower, but also acknowledged in the interview […]