National Housing Emergency Coming Up
Bloomberg reports Trump Weighs Declaring National Housing Emergency, Bessent Says
Treasury Secretary Scott Bessent said the Trump administration may declare a national housing emergency this fall as the White House looks to highlight key issues for midterm campaign voters.
“We’re trying to figure out what we can do, and we don’t want to step into the business of states, counties, and municipal governments,” Bessent told the Washington Examiner. “We may declare a national housing emergency in the fall.”
Treasury Secretary Scott Bessent said the Trump administration may declare a national housing emergency this fall as the White House looks to highlight key issues for midterm campaign voters.
“We’re trying to figure out what we can do, and we don’t want to step into the business of states, counties, and municipal governments,” Bessent told the Washington Examiner. “We may declare a national housing emergency in the fall.”
In Trump’s relentless attacks on the Fed this year, he has argued that high interest rates have added to the government’s financing costs and damaged the housing market.
Emergencies
Trump declared nine national emergencies plus a D.C. crime emergency, totaling ten emergency declarations in 2025.
I am surprised India relations with Russia is not on the list yet.
Q: What about Los Angeles?
A: Trump did not a national emergency specifically for Los Angeles or California in 2025. However, his southern border emergency led to controversial military actions in Los Angeles, including the federalization of the California National Guard to address protests against ICE operations.
Additionally, his administration responded to the January 2025 Los Angeles wildfires with executive actions under the national energy emergency, but no new emergency was declared for the fires.
Trump has threated Chicago.
The Energy Emergency
Please not we have an energy emergency despite the fact the U.S. is a net exporter of fossil fuels and faces no current fuel shortage.
The Smithsonian
In a Truth Social Post Trump says the threatens the Smithsonian over its exhibits.
The Museums throughout Washington, but all over the Country are, essentially, the last remaining segment of “WOKE.” The Smithsonian is OUT OF CONTROL, where everything discussed is how horrible our Country is, how bad Slavery was, and how unaccomplished the downtrodden have been — Nothing about Success, nothing about Brightness, nothing about the Future. We are not going to allow this to happen, and I have instructed my attorneys to go through the Museums, and start the exact same process that has been done with Colleges and Universities where tremendous progress has been made. This Country cannot be WOKE, because WOKE IS BROKE. We have the “HOTTEST” Country in the World, and we want people to talk about it, including in our Museums.
Housing Hoot
“We’re trying to figure out what we can do, and we don’t want to step into the business of states, counties, and municipal governments,” said Bessent.
Since when did Trump decide not to step into the business of states, counties, and municipal governments, the Fed, the business of India, or the business of anything else including the Smithsonian?
I have a suggestion Mr. President: End the lumber tariffs, the steel tariffs, and all the rest of the tariffs that inflate the cost of a new home.
Trump blames the Fed for low interest rates. But clueless Trump does not realize the Fed does not set long-term rates.
Trump Does Not Understand Interest Rates
For discussion of what the Fed controls or doesn’t please see Chart of U.S. Treasury Yields Show Trump Does Not Understand Interest Rates
Trump wants the Fed to control more than it can.
Any guesses as to how much free money Trump will seek to give away to promote “affordable housing”?
This post originated on MishTalk.Com
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