Treasury Secretary Scott Bessent told the Washington Examiner on Monday that President Donald Trump might declare a national housing emergency this fall to address rising prices and dwindling supply.
It would be the first national housing emergency since the Great Recession, when the housing bubble burst as President Barack Obama was preparing to take over the White House from former President George W. Bush.
Since taking office, President Trump has declared nine national emergencies, ranging from immigration to trade, and in August added a “crime” emergency targeting violent crime in Washington. Now, his administration is signaling that housing could be next.
Read more at Newsmax© 2025 Newsmax. All rights reserved.